Arrange the following related to Indian economy in sequence of their occurrence :
(A) First Industrial Policy Resolution
(B) Setting up of Planning Commission
(C) Adoption of New Economic Policy
(D) Recommendation by Education Commission that atleast 6 percent of GDP should be spent on education
(E) Parliament passed a new Act to provide guaranteed wage employment to every rural household
Choose the correct answer from the options given below :
Answer & explanation
Correct answer: option 4
A) First Industrial Policy Resolution : 1948
B) Setting up of Planning Commission : 1950
D) Recommendation by Education Commission that atleast 6 percent of GDP should be spent on education : 1964-66
C) Adoption of New Economic Policy : 1991
E) Parliament passed a new Act to provide guaranteed wage employment to every rural household (MNREGA) : 2005