On the basis of the government initiative, arrange the following in chronological order:
(A) The Reserve Bank of India.
(B) Fiscal Responsibility and Budget Management Act.
(C) First nationalization of commercial banks in India.
(D) LPG policy.
Choose the correct answer from the options given below:
On the basis of the government initiative, arrange the following in chronological order:
(A) The Reserve Bank of India.
(B) Fiscal Responsibility and Budget Management Act.
(C) First nationalization of commercial banks in India.
(D) LPG policy.
Choose the correct answer from the options given below:
Solution
✅ Correct Option: 2
The RBI was established in 1935 (A). The first nationalisation of 14 commercial banks took place in 1969 (C). The LPG policy was adopted in 1991 (D). The FRBM Act was enacted in 2003 (B). Chronological order: (A), (C), (D), (B).
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