The correct answer is option 2 - fitness of India for further reforms. The Simon Commission, officially known as the Indian Statutory Commission, was formed in 1927 to evaluate the progress of constitutional reforms in India and determine if India was ready for further political developments. It consisted of seven British members and did not include any Indian representatives, which sparked widespread protests and boycotts by the Indian National Congress and other political groups. The Commission`s primary task was to assess the conditions in India and recommend future reforms. It published its report in 1930, outlining its findings and recommendations for political and constitutional changes in India. While it did not directly review legislatures, the Commission`s focus was to assess the overall political situation and fitness of India for further reforms.