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      Question

      What was the purpose of the Local Currency Settlement

      System (LCSS) introduced between India and UAE?
      A Promote tourism Correct Answer Incorrect Answer
      B Facilitate easier cross border trade Correct Answer Incorrect Answer
      C Facilitate easier cross border trade Correct Answer Incorrect Answer
      D Facilitate easier cross border trade Correct Answer Incorrect Answer
      E Support education initiatives Correct Answer Incorrect Answer

      Solution

      The Local Currency Settlement System (LCSS) between India and UAE aims to revolutionize economic relations by reducing dependency on intermediary currencies like the US Dollar and simplifying cross border transactions.  

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