Choose the correct chronological sequence in ascending order (earliest to latest):
(A) Establishment of NABARD
(B) FRBMA (Fiscal Responsibility and Budget Management Act) 2003
(C) Third Five Year Plan
(D) Nationalization of RBI
Answer & explanation
Correct answer: option 4
The correct answer is Option (4) → (D), (C), (A), (B)
The correct chronological sequence in ascending order (earliest to latest) is:
(D) Nationalization of RBI - This occurred in 1949 when the Reserve Bank of India was nationalized.
(C) Third Five Year Plan - This plan was implemented from 1961 to 1966.
(A) Establishment of NABARD - NABARD (National Bank for Agriculture and Rural Development) was established in 1982.
(B) FRBMA (Fiscal Responsibility and Budget Management Act) 2003 - This act was enacted in 2003.
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