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The correct answer is option 2: 3 – 2 – 1 – 4. Here`s why:
1. Event 3: The nationalisation of Air India and becoming the national carrier occurred in 1953.
2. Event 2: The Imperial Bank of India was renamed to State Bank of India in 1955.
3. Event 1: The first democratically elected communist party government was formed in the state of Kerala, India in 1957.
4. Event 4: Goa became a part of independent India after the Indian army ended Portuguese rule in 1961.
Therefore, the correct chronological order of events is 3 (Air India Nationalisation, 1953), 2 (Renaming of Imperial Bank to State Bank, 1955), 1 (First Communist Party Government, 1957), and 4 (Goa becomes part of India, 1961). This matches with option 2. The other options aren`t correct because they don`t reflect the same chronological sequence.