Previous year MCQs

Economy UPPSC 2007 GS-I
Question

Which of the following committee had examined the issue of full convertibility of Indian rupees?

Answer & Solution

Answer: (Detailed Solution Below)

Option C: Tarapore committee II

Detailed Solution:

The correct answer is “Tarapore committee II”.
In order to study the feasibility of the Capital Account Convertibility, the Reserve Bank of India (RBI) set up the committee with S S Tarapore as its head in 1997.

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