भारतीय अर्थव्यवस्था के संबंध में निम्नलिखित में से कौन सा कथन सही नहीं है?

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: