Q. Tarapore Committee was associated with which one of the following?
Answer: Fuller capital account convertibility
Notes: The Tarapore Committee, constituted by the Reserve Bank of India and headed by S.S. Tarapore, submitted its report in May 1997. It was tasked with recommending a roadmap for full capital account convertibility of the Indian rupee, proposing fiscal consolidation, mandated inflation targets, and financial system strengthening to be achieved by 1999-2000. Though not fully implemented, its recommendations remain foundational for India's capital account liberalization.