Question

Arrange the following events of Indian Economic Development in chronological order and choose the correct answer.
• Establishment of the National Bank for Agriculture and Rural Development (NABARD)
• Launch of the New Economic Policy (LPG Reforms)
• Introduction of the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA)
• Green Revolution in India

• A. \(4 \rightarrow 1 \rightarrow 2 \rightarrow 3\)
• B. \(1 \rightarrow 4 \rightarrow 2 \rightarrow 3\)
• C. \(4 \rightarrow 2 \rightarrow 1 \rightarrow 3\)
• D. \(1 \rightarrow 2 \rightarrow 4 \rightarrow 3\)

Hint:

Important years frequently asked in CUET: Green Revolution -- 1960s NABARD -- 1982 LPG Reforms -- 1991 MGNREGA -- 2005 Keep a separate chronology sheet while revising Indian Economic Development.

Answer 1

The Correct Option is A

Concept: Chronology-based questions have become increasingly important in CUET Economics, especially from Indian Economic Development. Such questions test factual understanding along with historical sequencing. Students often know individual events but lose marks because they cannot place them correctly in time.

Step 1: Identify the year of the Green Revolution. The Green Revolution began during the mid-1960s. The introduction of HYV seeds, irrigation facilities, fertilizers, and mechanization significantly increased agricultural productivity. Approximate period: \[ 1966-67 \] Therefore: \[ \boxed{\text{Green Revolution comes first}} \]

Step 2: Identify the establishment of NABARD. NABARD was established in: \[ 1982 \] It became the apex institution for agricultural and rural development finance. Therefore: \[ \boxed{\text{NABARD comes after the Green Revolution}} \]

Step 3: Identify the New Economic Policy. Economic Liberalisation, Privatisation and Globalisation reforms were launched in: \[ 1991 \] These reforms transformed the Indian economy. Therefore: \[ \boxed{\text{LPG Reforms come after NABARD}} \]

Step 4: Identify MGNREGA. MGNREGA was enacted in: \[ 2005 \] and implemented in phases from 2006 onward. Therefore: \[ \boxed{\text{MGNREGA is the latest event}} \]

Step 5: Arrange all events chronologically. \[ \text{Green Revolution} \rightarrow \text{NABARD} \rightarrow \text{LPG Reforms} \rightarrow \text{MGNREGA} \] or \[ 4 \rightarrow 1 \rightarrow 2 \rightarrow 3 \]

Step 6: Final conclusion. \[ \boxed{4 \rightarrow 1 \rightarrow 2 \rightarrow 3} \] Hence, \[ \boxed{\text{Option (A)}} \]