Tarapore Committee (Capital Account Convertibility) — UPSC Prelims PYQ 2007
Tarapore Committee was associated with which one of the following?
- Special Economic Zones
- Fuller capital account convertibility
- Foreign exchange reserves
- Effect of oil-prices on the Indian economy
Explanation
Option (b) is correct
- The Reserve Bank of India constituted the S. S. Tarapore Committee, also known as the Committee on Capital Account Convertibility (CAC), to recommend a roadmap for achieving full convertibility of the rupee on the capital account.
Answer: (b) Fuller capital account convertibility
