Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Macro Economics: Government Budget and Economy

Question:

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

Options:

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

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

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

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

Correct Answer:

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

Explanation:

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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