Who among the following has written the economics book Growth and Finance on the relationship between economic growth and financial systems?

Introduction / Context:
"Growth and Finance" is a book that deals with issues of economic growth, financial stability, and policy in the context of the Indian and global economy. Questions about authors of economics books often appear in banking, civil services, and general awareness exams. This question asks which noted Indian economist is associated with this title, and therefore tests recognition of key figures in Indian economic policy and their writings.

Given Data / Assumptions:

• The book title is "Growth and Finance".
• It is an economics related work.
• The options are C. Rangarajan, Bimal Jalan, Amartya Sen, and K. Subba Rao.
• All four names are associated with economics or public policy in India.

Concept / Approach:
The best approach is to recall which economist is particularly known for work on monetary policy, economic growth, and financial sector reforms and who has served in key roles such as Governor of the Reserve Bank of India and chair of economic advisory bodies. C. Rangarajan is one such economist with a long career in central banking and policy making. The title "Growth and Finance" fits well with his areas of expertise. Therefore, linking the book's theme with the economist's profile leads to the correct answer.

Step-by-Step Solution:
Step 1: Observe that the title "Growth and Finance" directly references macroeconomic growth and financial systems. Step 2: Recall that C. Rangarajan is a distinguished Indian economist who served as Governor of the Reserve Bank of India and chaired the Prime Minister's Economic Advisory Council. Step 3: Connect his policy and academic work with a book that would analyse links between growth and financial structures. Step 4: Consider the other options. Bimal Jalan and Amartya Sen are also prominent but are associated with different specific titles, while K. Subba Rao is not widely credited with a book of this exact name. Step 5: Conclude that C. Rangarajan is correctly associated with the book "Growth and Finance".

Verification / Alternative check:
A verification step is to recall other known works and positions of the economists listed. Amartya Sen is famous for contributions to welfare economics and books such as "Development as Freedom" and "The Idea of Justice". Bimal Jalan has written on India's macroeconomic challenges and governance but not specifically a book titled "Growth and Finance". Reference materials on Indian economic literature and question banks explicitly attribute "Growth and Finance" to C. Rangarajan, confirming this choice.

Why Other Options Are Wrong:
Bimal Jalan: Although he is a well known economist and former RBI Governor, he is connected with other books and essays, not primarily with a title called "Growth and Finance".
Amartya Sen: He is a Nobel Prize winning economist recognised for his work on welfare, capability approach, and development, but he did not author this book.
K. Subba Rao: This name does not have a widely known and direct association with a book titled "Growth and Finance" in standard competitive exam references.

Common Pitfalls:
A common error is to assume that any Nobel laureate economist such as Amartya Sen must be the author whenever a serious economic title appears, which is not correct. Another pitfall is confusing various RBI Governors and their writings due to similarity in their roles. Candidates may also guess based on familiarity with one name and not on the actual matching of the title with the economist's work. Careful reading of book lists and associating specific titles with specific economists helps avoid these mistakes.

Final Answer:
The book "Growth and Finance" is written by C. Rangarajan.