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

Choose from the options given below:

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

To determine the correct chronological sequence from the earliest to the latest, we can look at the historical timeline of each event:
1. (D) Nationalization of RBI: The Reserve Bank of India (RBI) commenced its operations on April 1, 1935, and was formally nationalized on January 1, 1949.
2. (C) Third Five Year Plan: India's Third Five-Year Plan was launched for the period spanning from 1961 to 1966, aiming to make the economy self-reliant and self-generating.
3. (A) Establishment of NABARD: The National Bank for Agriculture and Rural Development (NABARD) was set up on July 12, 1982, to facilitate credit flow for promotion and development of agriculture, cottage, and village industries.
4. (B) FRBMA (Fiscal Responsibility and Budget Management Act): The FRBMA was enacted by the Parliament in 2003 to institutionalize financial discipline and reduce the country's fiscal deficit.

Arranging these events in ascending order based on their years of occurrence:
Nationalization of RBI (1949) → Third Five Year Plan (1961–1966) → Establishment of NABARD (1982) → FRBMA (2003)

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