1991 से पहले उच्च टैरिफ और मात्रात्मक प्रतिबंधों की विशेषता वाली भारत की व्यापार नीति ने मुख्य रूप से इसके घरेलू उद्योगों को कैसे प्रभावित किया?

Arrange the following phases illustrating the chronological shift in the state's economic burden and its role in public enterprises: I. The state financing the rapid expansion of public enterprises in areas like heavy engineering to reduce dependence on foreign imports. II. The implementation of policies aimed at reducing the fiscal burden by limiting budgetary support to loss-making enterprises and exposing them to market discipline. III. The state inheriting inadequate infrastructure and limited private capital, prompting it to take a leading role in initiating industrial development. IV. The increasing reliance on public enterprises to regulate prices and provide essential goods, culminating in a period of severe financial losses.

Arrange the following milestones in chronological order to reflect the logical evolution of India's taxation policy: A. The era characterized by a high-rate, complex taxation structure. B. The occurrence of major economic reforms (1991). C. The transition to a more simplified and rationalized taxation system. Choose the correct answer from the options given below: