Consider the following events

1. The first democratically elected communist party government formed in a State in India.
2. India’s then largest bank, ‘Imperial Bank of India’, was renamed ‘State Bank of India’.
3. Air India was nationalised and became the national carrier.
4. Goa became a part of independent India.

Which of the following is the correct chronological sequence of the above events?

1. 4 – 1 – 2 – 3
2. 3 – 2 – 1 – 4
3. 4 – 2 – 1 – 3
4. 3 – 1 – 2 – 4

Explanation

The correct chronological sequence of the above events is 3 – 2 – 1 – 4

• Under the Air Corporations Act of 1953 that came into force on 28 May 1953, Parliament voted to nationalise nine airlines — Air India Ltd., Air Services of India Ltd., Airways (India) Ltd., Bharat Airways Ltd., Deccan Airways Ltd., Himalayan Aviation Ltd., Indian National Airways Ltd., Kalinga Airlines, and the Air India International Ltd — and replaced them with Indian Airlines and Air India International.
• The Government of India nationalized the Imperial Bank of India in year 1955, with Reserve Bank of India taking a 60% stake, and name was changed to State Bank of India.
• The year 1957 witnessed a significant political milestone as the Communist Party of India achieved a historic electoral victory. This victory led to the formation of the world’s first democratically elected communist government in the state of Kerala.
• Operation Vijay was launched by the Indian government on December 18, 1961. A 36-hour battle brought Goa back into India’s fold.

Answer: (b) 3-2-1-4; Difficulty Level: Hard