Arrange the following stages in the evolution of ancient Indian public finance and taxation in chronological order, from the earliest to the latest: 1. 'Bali' as a voluntary, occasional tribute offered by clansmen to the Rigvedic Rajan. 2. Appointment of 'Bhagadugha' as a specialized royal official for collecting the king's share of agricultural produce. 3. Regularization of 'Shulka' (tolls/customs duties) on trade and 'Bhaga' as a compulsory tax on land produce. 4. Institutionalization of the 'Shrenis' (guilds) paying collective taxes to the state treasury in the Mahajanapada era. Select the correct answer using the code given below:

Options:

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

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