Home PYQs UPPSC UPPSC MCQs Prelims 2007 (GS Paper I)

Question

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

  1. Baghul committee
  2. Rangarajan committee
  3. Tarapore committee II
  4. Hashim committee

Answer:

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.