- The first democratically elected communist party government formed in a State in India.
- India’s then largest bank, ‘Imperial Bank of India’, was renamed ‘State Bank of India’.
- Air India was nationalised and became the national carrier.
- Goa became a part of independent India.
Which of the following is the correct chronological sequence of the above events?
(a) 4 – 1 – 2 – 3
(b) 3 – 2 – 1 – 4
(c) 4 – 2 – 1 – 3
(d) 3 – 1 – 2 – 4
Answer: (b) Option (b) is correct:
In 1953, India nationalised all Indian airlines, creating two corporations— one for domestic service, called Indian Airlines Corporation (merging Air-India Limited with six lesser lines), and one for international service, Air-India International Corporation. The Reserve Bank of India, which is the Central Bank of India, acquired a controlling interest in the Imperial Bank of India in 1955. On 1 July 1955, the Imperial Bank of India became the State Bank of India. The Kerala Legislative Assembly election of 1957 was the first Assembly election in the Indian state of Kerala. Indian state of Kerala became the first Communist Party barring the PCI in San Marino to win elections in a parliamentary democracy. The Communist Party formed the government. On 19 December 1961, Goa was liberated from Portuguese rule and became a part of independent India. After conferring statehood on Goa on 30 May 1987, Daman and Diu was made a separate Union Territory.
Elimination Technique:
As India attained independence, the Indian leaders opted for a mixed form of economy. Many banks and airlines were nationalised in the 1950s. Thus, 3 cannot be last in chronological order. Option (a) and (c) are eliminated.
