Arrange the following in ascending order in respect of their year of implementation (in India).

(A) Goods and Service Tax.
(B) Demonetization of 500 and 1000 currency notes.
(C) Fiscal responsibility and Budget Management Act.
(D) Economic Reform.

Choose the correct answer from the options given below:

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

The correct answer is Option (2) → (D), (C), (B), (A)

• D) Economic Reform – Introduced in 1991, marking the beginning of liberalization, privatization, and globalization (LPG reforms).

• (C) Fiscal Responsibility and Budget Management (FRBM) Act – Implemented in 2003 to promote fiscal discipline.

• (B) Demonetization of ₹500 and ₹1000 currency notes – Took place in 2016.

• (A) Goods and Services Tax (GST) – Implemented on 1st July 2017.