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UPSC 2007: Tarapur Committee was associated with which one of the following?
(a)Special Economic Zones
(b)Fuller capital account convertibility
(c)Foreign exchange reserves
(d)Effect of oil prices on the Indian economy
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Not attemptedCorrect Answer: (b) Fuller capital account convertibility
The S.S. Tarapore Committee (1997) was constituted by the RBI to lay down a road-map for full or ‘fuller’ capital account convertibility (CAC) of the rupee, recommending a phased approach toward CAC by 1999-2000. Other listed topics such as SEZs or oil prices were not the committee’s mandate. ([business-standard.com](https://www.business-standard.com/article/specials/tarapore-panel-favours-full-convertibility-by-2000-197060401016_1.html))
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Frequently Asked Questions
What is the correct answer to this UPSC 2007 Indian Economy question?▼
The correct answer is option (b): Fuller capital account convertibility. Watch the detailed video explanation in our Sherlocking Prelims course on UnlockIAS.
Which year was this External Sector & Balance Of Payments question asked in UPSC Prelims?▼
This question was asked in UPSC CSE Prelims 2007, GS Paper 1, as Question 100. It falls under Indian Economy > External Sector & Balance Of Payments.
What is the difficulty level of this UPSC question?▼
This question is rated "easy". It tests basic recall and most well-prepared aspirants should answer it correctly.
How many UPSC Prelims questions have been asked from External Sector & Balance Of Payments?▼
UPSC has asked 49 questions from External Sector & Balance Of Payments (under Indian Economy) across multiple years. Visit the topic page to see the full list and year-wise trends.