Multiple choice

In July 2006, which of the following committees gave a report relating to capital account convertibility?

  1. Narasimham Committee

  2. Tarapore Committee

  3. Y.V. Reddy Committee

  4. Vaghul Committee

  5. Usha Thorat Committee
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The Tarapore Committee (Committee on Capital Account Convertibility) submitted its report in July 2006, recommending gradual liberalization of capital controls. This committee was specifically formed to examine and recommend a roadmap fuller capital account convertibility for the Indian economy.

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