economics hard Fill in the Blank

The ___ Committee, constituted by the RBI in 1997 and later in 2006, was tasked with laying down a comprehensive roadmap for moving towards Fuller Capital Account Convertibility in India.

  1. base
  2. Tarapore
  3. Green
  4. multiplier

Answer: Tarapore

The S.S. Tarapore Committee outlined the macroeconomic prerequisites India must achieve before allowing the Rupee to be fully convertible on the capital account (allowing citizens to freely move massive amounts of wealth across borders for asset purchases). It recommended targets like reducing the fiscal deficit, lowering inflation, and building massive forex reserves to ensure the economy could withstand the volatility of unrestricted global capital flows.

Topic International Economics - Concepts
Exam Relevance UPSC Prelims, Banking, SSC
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