The correct answer is: B. Raghuram Rajan
Raghuram Rajan is an Indian-American economist who served as the 23rd Governor of the Reserve Bank of India from 2013 to 2016. He is currently the Katherine Dusak Miller Distinguished Service Professor of Finance at the University of Chicago Booth School of Business.
The Planning Commission of India is a government body that was set up in 1950 to formulate India’s Five Year Plans. The Commission was dissolved in 2014 and its functions were transferred to the National Institution for Transforming India (NITI Aayog).
The 12-member committee on financial sector reforms was set up by the Planning Commission in 2013. The Committee was tasked with reviewing the financial sector reforms that had been implemented in India since 1991 and making recommendations for further reforms.
The Committee submitted its report in 2014. The report made a number of recommendations, including:
- Increasing the capital adequacy ratio of banks
- Strengthening the supervision of banks
- Promoting competition in the financial sector
- Developing the financial markets
- Improving the infrastructure for financial services
The report was well-received by the government and industry. The government has implemented a number of the recommendations, and the financial sector in India is now one of the strongest in the world.
The other options are incorrect because:
- Janki Raman is a former Indian diplomat who served as the Ambassador of India to the United States from 2001 to 2004.
- Rakesh Mohan is an Indian economist who served as the Deputy Governor of the Reserve Bank of India from 2002 to 2005.
- K. V. Kamath is an Indian businessman who is the Chairman of the Board of Directors of the Infosys Limited.