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CUET Economics 2024

Indian Economic Development
>
Economic Reforms (1991)

Medium

(A) Establishment of NABARD \newline \newline (B) FRBMA (Fiscal Responsibility and Budget Management Act) \newline \newline (C) Third Five Year Plan \newline \newline (D) Nationalization of RBI

Choose the correct chronological sequence in ascending order (earliest to latest) :

Correct Option: 4
    \newline
  1. (D) Nationalization of RBI (1949) → Government took control of Reserve Bank.
    2. \newline
  2. (A) Establishment of NABARD (1982) → Created for rural development financing.
    3. \newline
  3. (C) Third Five Year Plan (1961-1966) → Focused on economic growth strategies.
    4. \newline
  4. (B) FRBMA (2003) → Aims for fiscal discipline and accountability.
Correct sequence: (D) → (A) → (C) → (B)

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