Correct Option (B)
Explanation
The chronological sequence of the given events is as follows:
- Air India was nationalised and became the national carrier in 1953.
- India's then largest bank, 'Imperial Bank of India', was renamed 'State Bank of India' in 1955.
- The first democratically elected communist party government was formed in a State in India (Kerala) in 1957.
- Goa became a part of independent India in 1961.
Therefore, the correct chronological sequence is 3-2-1-4.
Incorrect Options
- Option (A) is incorrect because it places Goa's integration (1961) as the first event, whereas it occurred last among the given events.
- Option (C) is incorrect because the renaming of Imperial Bank of India to State Bank of India (1955) preceded the formation of the first democratically elected communist government in a State (1957).
- Option (D) is incorrect because the nationalisation of Air India (1953) occurred before the renaming of Imperial Bank of India (1955), and the formation of the first democratically elected communist government (1957) occurred after the bank's renaming.