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 :
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
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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