The Govt. of India had constituted a high level committee on financial sector reforms with Raghuram G.Rajan as its Chairman. Which of the following is / are the recommendations of the committee? (1) Liberalize the interest rate that banks/institution can charge to ensure credit for poors. (2) Create an office of the Ombudsman exclusively for financial sector. (3) Do not allow foreign investors in domestic stock markets.

• A. (A) Only 1
• B. (B) Only 2
• C. (C) Only 3
• D. (D) Both 1 & 2
• E. (E) None of these