Q. 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?

  • 4 – 1 – 2 – 3
  • 3 – 2 – 1 – 4
  • 4 – 2 – 1 – 3
  • 3 – 1 – 2 – 4

Answer: (b) 3 – 2 – 1 – 4

Notes:
  • The first democratically elected communist party government formed in a state in India in 1957.
    • In the first general election held to the Kerala State Legislative Assembly in 1957, the Communist Party of India won sixty seats out of 126.
  • Imperial Bank of Indiawas nationalized by the Government of India in the year 1955 with the Reserve Bank of India taking a 60% stake and the name was changed to State Bank of India.
    • The Imperial Bank of India came into existence on 27 January 1921 by J.M. Keynes. When the three Presidency Banks of colonial India, were reorganised and amalgamated to form a single banking entity.
  • In 1946, Tata Airlines became a public company and was renamed Air India. Air India was nationalized in 1953. The government of India passed the Air Corporations Act in 1953 and purchased a majority stake in the carrier from Tata Sons.
  • Goa became an independent state of India on 18 December 1961 and Goa was freed from the Portuguese.
    • On December 18, 1961, Operation Vijay was launched by the Indian Government to bring back the Goa into India.