Arrange the following items in correct sequence:

(A) Competition Act
(B) FEMA
(C) FERA
(D) MRTP

Choose from the options given below:

The correct option is (D), (C), (B), (A).

To arrange these acts in the correct chronological sequence, let us examine the year of enactment for each of the legislative measures listed:
1. MRTP (Monopolies and Restrictive Trade Practices Act): Enacted in the year 1969 to prevent concentration of economic power.
2. FERA (Foreign Exchange Regulation Act): Enacted in the year 1973 to regulate foreign exchange transactions and conserve foreign exchange resources.
3. FEMA (Foreign Exchange Management Act): Enacted in the year 1999 to replace FERA, aiming to facilitate external trade and payments.
4. Competition Act: Enacted in the year 2002 to promote and sustain competition in markets and replace the obsolete MRTP Act.

Arranging these years in ascending chronological order:
1969 (MRTP Act) → 1973 (FERA) → 1999 (FEMA) → 2002 (Competition Act)

This corresponds to the sequence: (D), (C), (B), (A).