Arrange the following milestones related to the establishment of the inflation-targeting framework in India in chronological order (from earliest to latest): 1. Submission of the Urjit Patel Committee Report recommending the adoption of a flexible inflation-targeting framework. 2. First official meeting of the newly constituted Monetary Policy Committee (MPC) of India. 3. Submission of the Financial Sector Legislative Reforms Commission (FSLRC) report recommending a monetary policy committee. 4. Amendment of the Reserve Bank of India Act, 1934, to provide a statutory basis for the MPC. Select the correct answer using the codes given below:

Options:

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

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