Arrange the following events from the date of their happening starting from the oldest:
(A) IRDA Act passed in Parliament
(B) Concept of financial inclusion introduced in Banking sector
(C) Global Trust Bank merged with UTI Bank
(D) 364 - day treasury bill introduced with market related rates
(E) Fiscal Responsibility and Budget Management Act Passed
Choose the correct answer from the options given below:

Correct option is A

Correct Option: 1. (D), (A), (C), (E), (B).
Explanation:
Chronological order:

• (D) 364-day treasury bill introduced: The 364-day treasury bill was introduced in India in April 1992.
  
• (A) IRDA Act passed in Parliament: The Insurance Regulatory and Development Authority (IRDA) Act was passed in 1999.
  
• (C) Global Trust Bank merged with UTI Bank: The proposed merger of Global Trust Bank with UTI Bank was announced in early 2001 but failed to materialize.
  
• (E) Fiscal Responsibility and Budget Management Act Passed: The Fiscal Responsibility and Budget Management (FRBM) Act was passed in 2003.
  
• (B) Concept of financial inclusion introduced in Banking sector: The concept of financial inclusion received a major push in India starting in 2005, when the Reserve Bank of India emphasized its importance in its annual policy statement.