Arrange the following events in chronological order as per the time period.
(A) Gender Budgeting.
(B) Fiscal Responsibility and Budget Management Act.
(C) 101th Constitution Amendment Act.
(D) Goods and Service Tax.
Choose the correct answer from the options given below:
Arrange the following events in chronological order as per the time period.
(A) Gender Budgeting.
(B) Fiscal Responsibility and Budget Management Act.
(C) 101th Constitution Amendment Act.
(D) Goods and Service Tax.
Choose the correct answer from the options given below:
Solution
Option 1 -> (A), (B), (C), (D) - Incorrect order as FRBM Act (2003) came before Gender Budgeting (2005-06).
Option 2 -> (B), (A), (C), (D) - Correct chronological sequence: FRBM Act 2003, Gender Budgeting 2005-06, 101st Amendment 2016, GST 2017.
Option 3 -> (B), (A), (D), (C) - Incorrect as 101st Amendment (2016) came before GST implementation (2017).
Option 4 -> (C), (B), (D), (A) - Completely incorrect order.
Hence, Option 2: (B), (A), (C), (D) -> The correct chronological order is: Fiscal Responsibility and Budget Management Act was enacted in 2003, Gender Budgeting was introduced in the 2005-06 budget, the 101st Constitution Amendment Act was passed in 2016 to enable GST, and finally Goods and Service Tax was implemented on July 1, 2017. -> correct
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