Consider the following events:
- 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?
Detailed Explanation:
Answer: Option 2 — 3 - 2 - 1 - 4
The correct chronological sequence of these historical events is determined by their occurrence dates: Air India nationalization (1953), Imperial Bank renamed to SBI (1955), first democratically elected Communist government in Kerala (1957), and Goa's integration into India (1961).
Chronological Analysis:
Event 3 – Air India Nationalisation (1953): Air India was nationalised following the Air Corporations Act, 1953, when the Government of India acquired majority stake from the Tata Group, making it the national carrier.
Event 2 – Imperial Bank renamed to SBI (1955): Based on the Gorewala Committee recommendations, the State Bank of India Act was passed, and on July 1, 1955, the Imperial Bank of India was officially renamed as State Bank of India.
Event 1 – First Communist Government (1957): In the 1957 Kerala Legislative Assembly elections, the Communist Party of India won a majority, and E.M.S. Namboodiripad formed the government, marking the first democratically elected Communist government in any Indian state.
Event 4 – Goa's Integration (1961): Goa was liberated from Portuguese rule on December 19, 1961, through Operation Vijay and subsequently incorporated into India as a Union Territory by the 12th Constitutional Amendment Act, 1962.
📝 Short Notes: Post-Independence Milestones (1950s-60s)
| Year | Event | Significance |
|---|---|---|
| 1953 | Air India Nationalisation | Air Corporations Act, 1953; establishment of national carrier |
| 1955 | State Bank of India created | Imperial Bank renamed; based on Gorewala Committee (All India Rural Credit Survey Committee) recommendations |
| 1957 | First Communist Government | Kerala - CPI under E.M.S. Namboodiripad; first democratically elected communist government worldwide |
| 1961 | Goa Liberation | Operation Vijay (December 19); ended 451 years of Portuguese rule |
| 1962 | Goa's Constitutional Integration | 12th Constitutional Amendment Act; Union Territory status |
| 1987 | Goa Statehood | Goa became 25th state of India (May 30) |
Question 9 of 15 Banking Structure in India
Practice PYQ questions from this topic across all years
The Chairman of public sector banks are selected by the
What is the purpose of setting up of Small Finance Banks (SFBs) in India? To suppl...