Official Answer Key & Detailed Solution
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Correct Answer: Option (B) — Fuller capital account convertibility
Concept & Option Breakdown
Standard Reference VerifiedThe Reserve Bank of India constituted the Tarapore Committees (1997 and 2006), chaired by former RBI Deputy Governor S.S. Tarapore, to formulate a roadmap and examine the preconditions for Fuller Capital Account Convertibility (FCAC).
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