Arrange the following in chronological order from the earliest to recent: I. British East India Company formed II. Magellan circumnavigated the globe III. Dutch East India Company formed IV. Vasco da Gama reached Calicut/Kozhikode Select the correct answer using the code given below.

1. A.IV, I, II, III
2. B.IV, II, I, III✓ Correct
3. C.II, IV, III, I
4. D.II, IV, I, III