The correct answer is option 4, S.V.S. Raghavan. He was the Chairman of the High Level Committee on Competition Policy and Law.

Let`s discuss the other options to provide a better understanding.

Option 1, Bimal Jalan, was not the Chairman of the High Level Committee on Competition Policy and Law. He is an Indian economist and was the Governor of the Reserve Bank of India.

Option 2, C. Rangarajan, was also not the Chairman of the High Level Committee on Competition Policy and Law. He is an Indian economist and a former Governor of the Reserve Bank of India.

Option 3, Y. V. Reddy, was not the Chairman of the High Level Committee on Competition Policy and Law. He is an Indian economist and a former Governor of the Reserve Bank of India.

Therefore, the correct answer is option 4, S.V.S. Raghavan.