Chronologically, arrange the following events:

(A) Announcement of demonetisation.

(B) Circulation of fake currency.

(C) Existing ₹500 and ₹1000 notes lost legal tender.

(D) Visible reduction in tax evasion.

Choose the correct answer from the options given below:

Option 1 -> (B) Circulation of fake currency existed as a problem before demonetization, (A) then came the announcement on Nov 8, 2016, (C) followed immediately by notes losing legal tender at midnight, and (D) reduction in tax evasion as a consequence.

Option 2 -> Incorrect sequence as notes cannot lose legal tender (C) before the announcement (A).

Option 3 -> Incorrect as circulation of fake currency (B) was a pre-existing problem that came before the announcement (A).

Option 4 -> Incorrect as this places announcement (A) at the end, which contradicts the actual timeline.

Hence, Option 1: (B), (A), (C), (D) -> The correct chronological order: (B) Circulation of fake currency was a pre-existing issue that was one of the key reasons for demonetization; (A) The announcement was made by PM Modi on November 8, 2016; (C) The ₹500 and ₹1000 notes immediately lost legal tender status at midnight of November 8-9, 2016; (D) Visible reduction in tax evasion was an intended outcome that followed the implementation of the policy -> correct