Which committee was formulated to look into the matter of capital account convertibility in India?

Narsimham commitee

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Tarapore commitee

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Tandon commitee

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Chore commitee

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None of the above

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Solution

The correct option is B Tarapore commitee
The Committee on Capital Account Convertibility (CAC) or Tarapore Committee was constituted by the Reserve Bank of India for suggesting a plan on full convertibility of Rupee on Capital Account. The committee submitted its report in May 1997.

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