Economics · Indian Economy and Exchange Rate
Under the Liberalised Exchange Rate Management System (LERMS), what percentage of foreign exchange earnings was required to be converted at the official rate?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 120%
- 225%
- 340%✓
- 435%
Correct answer
40%
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Economics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Indian Economy and Exchange Rate MCQs →Want more practice questions on Indian Economy and Exchange Rate?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Economics · Indian Economy and Exchange Rate