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Option 2 : PRQS

The correct sequence is PRQS.

Sentence 1- The first sentence should always introduce the subject matter of the paragraph to the reader. Sentence P introduces the subject of Banking in India. Other sentences talk about the same subject but not introduce it, as clearly as Sentence P.

Sentence 2- Sentence R is next in sequence as it is a continuation and elaboration of sentence P. It talks the first few banks that were established initially in the 17's.

Sentence 3- Sentence Q further talks about the largest and oldest bank of India SBI.

Sentence 4- The last sentence should always conclude the sentence and that is what sentence S does here. It provides the current scenario of banking in contrast to the previous sentences.

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