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The correct sequence in ascending order in terms of size during medieval India is Paragana - Sarkar - Suba.
A Paragana was a small administrative unit during the Delhi Sultanate and Mughal Empire. It was generally composed of several villages and was headed by a headman or a revenue officer.
A Sarkar was a larger administrative unit, consisting of several paraganas. The term sarkar was used during the Delhi Sultanate and the Mughal Empire, and it was headed by a governor.
A Suba was the largest administrative unit during the Mughal Empire. It was a province that consisted of several sarkars and was headed by a governor known as Subedar or Nazim.
Therefore, the correct sequence in ascending order in terms of size during medieval India is Paragana - Sarkar - Suba.