Arrange the following historical events in chronological order, beginning with the earliest to the most recent.

(A) First revenue settlement in the Bombay Deccan
(B) The East India Company acquires Diwani of Bengali
(C) Permanent Settlement in Bengal
(D) Regulating Act passed by the British Parliament to regulate the activities of the East India Company

Choose the correct answer from the options given below:

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

The correct answer is Option (4) → (B), (D), (C), (A)

Chronological Breakdown:

1. (B) The East India Company acquires Diwani of Bengal (1765): Following the Battle of Buxar, the Mughal Emperor Shah Alam II granted the Diwani (the right to collect revenues) of Bengal, Bihar, and Orissa to the East India Company. This marked the transition of the Company from a trading entity to a ruling power.
2. (D) Regulating Act passed by the British Parliament (1773): This was the first step by the British government to regulate and control the affairs of the East India Company in India. It established the office of the Governor-General of Fort William (Bengal).
3. (C) Permanent Settlement in Bengal (1793): Introduced by Lord Cornwallis, this system fixed the land revenue "permanently." It created a new class of landlords known as Zamindars, who were recognized as the owners of the land.
4. (A) First revenue settlement in the Bombay Deccan (1818–1820s): After the Maratha territories were annexed in 1818, the British began settling revenue in the Deccan. Unlike Bengal's Permanent Settlement, they eventually implemented the Ryotwari system here, where the settlement was made directly with the cultivators (Ryots).