Rearrange the given statements in proper chronological sequence in an ascending order (earliest to latest):

(A) General theory of Employment, Interest and Money by Keynes.
(B) Mahalanobis was made a fellow of Britain’s Royal Society.
(C) An Inquiry into the Nature and Cause of the Wealth of Nations by Adam Smith.
(D) The Economic Consequences of the Peace by Keynes.
Choose from the options given below:

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

To arrange the given historical events in their proper chronological order from the earliest to the latest, we can look at the publication years and achievement dates associated with each statement:

1. (C) An Inquiry into the Nature and Causes of the Wealth of Nations by Adam Smith: This seminal work in classical economics was published in the year 1776. This is the earliest event among the options.

2. (D) The Economic Consequences of the Peace by John Maynard Keynes: This book, which criticized the Treaty of Versailles and its economic implications for Germany and Europe, was published in the year 1919.

3. (A) The General Theory of Employment, Interest and Money by John Maynard Keynes: This book, which laid the foundation for modern macroeconomics, was published in the year 1936.

4. (B) Mahalanobis was made a fellow of Britain’s Royal Society: Prasanta Chandra Mahalanobis, the distinguished Indian statistician, was elected as a Fellow of the Royal Society (FRS) in the year 1945. This is the latest event among the options.

By sequencing these years in ascending order (1776 ⇒ 1919 ⇒ 1936 ⇒ 1945), we arrive at the chronological sequence of: (C), (D), (A), (B).