Arrange the following structural milestones in India's inflation measurement and targeting framework in chronological order (from earliest to latest):\n1. Recommendation of the Urjit Patel Committee to adopt CPI-C as the primary anchor.\n2. Shift of the base year of CPI (Combined) from 2010 to 2012.\n3. Setting up of the first formal Monetary Policy Committee (MPC) under the RBI Act.\n4. Revision of the base year of CPI for Industrial Workers (CPI-IW) to 2016.\nSelect the correct answer using the codes given below:

Options:

  • A: 1-2-4-3
  • B: 1-2-3-4
  • C: 2-1-3-4
  • D: 2-1-4-3

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