Tarapore committee was associated with which one of the following?
Options:
A . Fully Capital Account Convertibility
B . Foreign Exchange Reserve
C . Effect of Oil-prices on the Indian economy
D . Special Economic Zone
Answer: Option A Answer: (a)Current account convertibility was first coined as a theory by the Reserve Bank of India in 1997 by the Tarapore Committee. Full capital account convertibility allows local currency to be exchanged for foreign currency without any restriction on the amount.
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