Consider the following: I. Industrial Finance Corporation of India II. Industrial Credit and Investment Corporation of India III. Industrial Development Bank of India IV. Unit Trust of India The correct sequence in which the above was established is

The correct sequence is determined by the specific years these institutions were established. 1. Industrial Finance Corporation of India IFCI was established in 1948 as the first development financial institution in India to provide medium and long term finance to industry. 2. Industrial Credit and Investment Corporation of India ICICI was formed in 1955 as a joint venture of the World Bank, the Government of India, and representatives of Indian industry. 3. Unit Trust of India UTI was established in 1963 under the UTI Act to encourage savings and investment among small investors. It began operations in July 1964. 4. Industrial Development Bank of India IDBI was established in 1964 as a wholly owned subsidiary of the Reserve Bank of India to provide credit and other financial facilities for the development of the fledgling Indian industry. Following this timeline, the order is I 1948, II 1955, IV 1963, and III 1964. Therefore, option A is correct.