Arrange the following in ascending order in respect of their year of implementation (in India).
(A) Goods and Service Tax.
(B) Demonetization of 500 and 1000 currency notes.
(C) Fiscal responsibility and Budget Management Act.
(D) Economic Reform.
Choose the correct answer from the options given below:
Arrange the following in ascending order in respect of their year of implementation (in India).
(A) Goods and Service Tax.
(B) Demonetization of 500 and 1000 currency notes.
(C) Fiscal responsibility and Budget Management Act.
(D) Economic Reform.
Choose the correct answer from the options given below:
Solution
Option 2: (D), (C), (B), (A) -> The chronological order is: Economic Reform (1991) - India's landmark liberalization policy; FRBM Act (2003) - legislation for fiscal discipline; Demonetization (November 2016) - withdrawal of ₹500 and ₹1000 notes; GST (July 2017) - unified indirect tax system. This arrangement correctly places events from earliest (1991) to most recent (2017). -> correct
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