GS PrelimsEconomyCapital Accounts2007

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

Correct Answer: Option B

Explanation

1. The Committee on Capital Account Convertibility, chaired by S. S. Tarapore (former Deputy Governor of RBI), submitted its reports in 1997 and 2006. 2. The Tarapore Committee was specifically associated with providing a roadmap and recommendations for achieving fuller capital account convertibility (CAC) in India.

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