भारत की विनिवेश नीति (Disinvestment Policy) के संबंध में निम्नलिखित कथनों को पढ़िए: I. इसका उद्देश्य गैर-रणनीतिक क्षेत्रों में वित्तीय संस्थानों सहित केंद्रीय सार्वजनिक क्षेत्र के उपक्रमों (CPSUs) की उपस्थिति को कम करना और निजी क्षेत्र के लिए नया निवेश स्थान बनाना है। II. इसका उद्देश्य विभिन्न सामाजिक क्षेत्र और विकास कार्यक्रमों को वित्तपोषित करने के लिए विनिवेश से प्राप्त राशि को जुटाना है। उपरोक्त कथनों में से कौन सा/से सही है/हैं?

Arrange the following milestones and phases related to the evolution of India's disinvestment strategies in chronological order. I. Cautious disinvestment limited to the sale of minority stakes without transferring control. II. The adoption of a more proactive approach, including strategic sales in selected enterprises. III. The concept of disinvestment gaining prominence in the context of economic reforms. IV. Emphasis on privatization of non-strategic public enterprises and the adoption of approaches like exchange-traded funds (ETFs). V. A policy focus on gradual disinvestment while retaining control in profit-making and strategic sectors.

Which of the following statements are correct regarding the multifaceted objectives of India's disinvestment policy? I. It aims to improve the performance and efficiency of public enterprises by exposing them to market discipline. II. It seeks to increase the financial burden on the government by expanding budgetary support to loss-making enterprises. III. It promotes wider share ownership among the public and encourages private sector participation in economic activities. IV. It serves as a means to generate revenue for the government, to be utilized for developmental and social welfare programs. Choose the most appropriate answer from the options given below: