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?

The correct chronological sequence of the given events is 3 - 2 - 1 - 4.

Let us analyze the year in which each event took place:

1. Air India was nationalised and became the national carrier:
In 1953, the Government of India passed the Air Corporations Act and nationalised the airline industry, making Air India the national carrier.

2. Imperial Bank of India was renamed ‘State Bank of India’:
On July 1, 1955, following the passage of the State Bank of India Act, the Imperial Bank of India was nationalised and renamed as the State Bank of India.

3. The first democratically elected communist party government formed in a State in India:
In 1957, the Communist Party of India (CPI) won the assembly elections in Kerala, and E. M. S. Namboodiripad formed the first democratically elected communist government in an Indian state.

4. Goa became a part of independent India:
In December 1961, through 'Operation Vijay', Indian armed forces liberated Goa from Portuguese rule, and Goa officially became a part of independent India.

Arranging these events in chronological order (from earliest to latest):
• Event 3 (1953)
• Event 2 (1955)
• Event 1 (1957)
• Event 4 (1961)

Therefore, the correct sequence is 3 - 2 - 1 - 4.