The correct answer is D. a-3, b-4, c-1, d-2.
The Narasimham Committee was set up in 1991 to review the financial system in India. The committee recommended a number of reforms, including deregulation of the financial sector, strengthening of the banking system, and development of the capital market.
The Shetty Committee was set up in 1992 to investigate the frauds and malpractices in banks. The committee recommended a number of measures to strengthen the internal control systems of banks and to improve the supervision of banks by the Reserve Bank of India.
The Ghosh Committee was set up in 1998 to review the securities operations of banks and financial institutions. The committee recommended a number of measures to strengthen the regulatory framework for the securities market and to improve the risk management practices of banks and financial institutions.
The Janakiraman Committee was set up in 2001 to review the financial system in India in the wake of the global financial crisis. The committee recommended a number of measures to strengthen the financial system and to make it more resilient to shocks.
Here is a brief description of each option:
- Option A: a-3, b-4, c-2, d-1. This option is incorrect because the Narasimham Committee was set up to review the financial system in India, not to investigate frauds and malpractices in banks.
- Option B: a-2, b-3, c-4, d-1. This option is incorrect because the Shetty Committee was set up to investigate frauds and malpractices in banks, not to review the financial system in India.
- Option C: a-4, b-2, c-3, d-1. This option is incorrect because the Ghosh Committee was set up to review the securities operations of banks and financial institutions, not to investigate frauds and malpractices in banks.
- Option D: a-3, b-4, c-1, d-2. This option is correct because the Narasimham Committee was set up to review the financial system in India, the Shetty Committee was set up to investigate frauds and malpractices in banks, the Ghosh Committee was set up to review the securities operations of banks and financial institutions, and the Janakiraman Committee was set up to review the financial system in India in the wake of the global financial crisis.