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Arrange the following related to Indian economy in sequence of their occurrence :

(A) First Industrial Policy Resolution

(B) Setting up of Planning Commission

(C) Adoption of New Economic Policy

(D) Recommendation by Education Commission that atleast 6 percent of GDP should be spent on education

(E) Parliament passed a new Act to provide guaranteed wage employment to every rural household

Choose the correct answer from the options given below :

Solution

Correct Option: 4

Chronological order:

(A) First Industrial Policy Resolution - 1948

(B) Planning Commission set up - 1950

(D) Education Commission (Kothari) recommended 6 percent GDP for education - 1966

(C) New Economic Policy adopted - 1991

(E) MNREGA Act (guaranteed rural employment) - 2005

Hence the correct sequence is A, B, D, C, E.

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