Consider the following and arrange them in correct chronological order starting from the earliest to the last :
I. First five year plan in India
II. Implementation of GST in India
III. Starting of Social Banking in India
IV. Establishment of NABARD in India
Select the correct answer from the codes given
below:

Correct option is D

Correct Answer: (D) I, III, IV, II
Explanation:
I. First Five Year Plan in India was launched in 1951, marking the beginning of planned economic development.
III. Starting of Social Banking in India began around 1969, with the nationalisation of banks and emphasis on priority sector lending.
IV. Establishment of NABARD took place in 1982 to promote rural and agricultural credit.
II. Implementation of GST in India occurred much later, in 2017, as a major indirect tax reform.
→ Therefore, the correct chronological order is I → III → IV → II.
Information Booster:
→ The First Five Year Plan focused mainly on agriculture and irrigation.
→ Social Banking aimed at financial inclusion of weaker sections.
→ NABARD acts as the apex institution for rural credit and development.
→ GST subsumed multiple indirect taxes into a single national tax system.
→ These milestones reflect India’s transition from planned economy to tax reform–driven integration.