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In India, which of the following review the independent regulators in sectors like telecommunications, insurance, electricity, etc?

1. Ad Hoc committees set up by the parliament 2. Parliamentary Department Related Standing Committees 3. Finance Commission 4. Finance Sector Legislative Reforms commission 5. NITI Aayog

Select the correct answer using the code given below.

(a) 1 and 2
(b) 1, 3 and 4
(c) 1, 4 and 5
(d) 2 and 5