Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Indian Economic Development: Liberalisation, Privatisation and Globalisation - An Appraisal

Question:

Arrange the following in chronological order in their establishment/starting year :

(A) Green Revolution

(B) Industrial Policy Resolution, 1956

(C) General Agreement on trade and tariff

(D) Establishment of Security Exchange Board of India

(E) Establishment of RBI

Choose the correct answer from the options given below :

Options:

(D), (B), (A), (C), (E)

(A), (B), (C), (D), (E)

(C), (D), (A), (B), (E)

(E), (C), (B), (A), (D)

Correct Answer:

(E), (C), (B), (A), (D)

Explanation:

The correct answer is option (4) : (E), (C), (B), (A), (D)

Explanation :

(E) Establishment of RBI : 1935

(C) General Agreement on Trade and Tariff (GATT) : 1948

(B) Industrial Policy Resolution, 1956

(A) Green Revolution : Late 1960s

(D) Establishment of Security  Exchange Board of India (SEBI) : It was established on 12 April 1988 as an executive body and was given statutory powers on 30 January 1992 through the SEBI Act, 1992.