Arrange the following in sequence of their adoption/establishment.

(A) Establishment of General Agreement on Trade and Tariff (GATT)

(B) World Trade Organisation

(C) New Economic Policy

(D) Goods and Service Tax (GST)

Choose the correct answer from the options given below :

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

The correct answer is option (3) : (A), (C), (B), (D)

The sequence is based on the chronological order of adoption or establishment :

(A) Establishment of General Agreement on Trade and Tariff (GATT): GATT was established in 1948 and was the precursor to the World Trade Organization (WTO).

(C) New Economic Policy (NEP): The New Economic Policy in India was introduced in 1991, marking a significant shift in economic policies.

(B) World Trade Organisation (WTO): The WTO officially replaced GATT in 1995, making it the more recent development in the timeline.

(D) Goods and Service Tax (GST): GST was introduced in India in 2017, representing a more recent economic policy change.