Under Liberalized Exchange Rate Management Scheme, how much is the receipts on current account could be converted freely into rupees at market determined exchange rate?
A)30 %
B)40 %
C)50 %
D)60 %

Question

Quizplus · Accepted Answer

Under the Liberalized Exchange Rate Management Scheme, 100% of the receipts on current account can be converted freely into rupees at market determined exchange rate, making the specific percentage options incorrect. However, since the question seems to be asking for a specific percentage and none of the options accurately reflect the 100% reality, the closest answer in the context of the question's structure would be considered incorrect. The scheme allows for full conversion, indicating there's a misunderstanding in the question's premise.

Under Liberalized Exchange Rate Management Scheme, How Much Is the Receipts