Concept:
Gulam Mohammed (G.M.) Sheikh is one of India's leading contemporary painters, poets, and art historians. He is associated with the Baroda School of Art and is known for integrating mythology, history, literature, and personal memories into his paintings.
His celebrated series Fairy Tales from Purvapalli (1986) was inspired by his experiences at Purvapalli, the residential area of Visva-Bharati University, Santiniketan. The series combines fantasy, folklore, and autobiographical elements with Indian miniature painting traditions and contemporary visual language.
Step 1: Recall the artist associated with the series “Fairy Tales from Purvapalli”.
The series Fairy Tales from Purvapalli (1986) was painted by G.M. Sheikh.
\[
\boxed{\textit{Fairy Tales from Purvapalli} \Longrightarrow \text{G.M. Sheikh}}
\]
Step 2: Examine the given options.
• Krishna Reddy -- Internationally renowned printmaker and sculptor.
• G.M. Sheikh -- Contemporary painter and creator of the series Fairy Tales from Purvapalli.
• K.G. Subramanyam -- Painter, muralist, designer, and art educator.
• Bhupen Khakhar -- Narrative painter associated with the Baroda School.
Hence,
\[
\boxed{\text{(B) G.M. Sheikh}}
\]