Question
Economics Question on Money and Banking
Choose the correct chronological sequence in ascending order (earliest to latest) :
(A) Establishment of NABARD
(B) FRBMA (Fiscal Responsibility and Budget Management Act)
(C) Third Five Year Plan
(D) Nationalization of RBI
A
(A), (B), (C), (D)
B
(A), (C), (B), (D)
C
(D), (A), (B), (C)
D
(D), (C), (A), (B)
Answer
(D), (C), (A), (B)
Explanation
Solution
The RBI was nationalized in 1949, followed by the Third Five Year Plan, establishment of NABARD in 1982, and FRBMA in 2003.