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The correct answer is option 2: The Madras Regiment. The Madras Regiment is the oldest regiment of the Indian Army.
To further understand the options, let`s look at each one:
Option 1: The Punjab Regiment - While the Punjab Regiment is a prestigious regiment of the Indian Army, it is not the oldest.
Option 2: The Madras Regiment - As mentioned earlier, the Madras Regiment holds the distinction of being the oldest regiment in the Indian Army. It was formed in 1758.
Option 3: The Dogra Regiment - The Dogra Regiment is a well-known regiment of the Indian Army, but it is not the oldest.
Option 4: The Gorkha Rifles - The Gorkha Rifles is a renowned regiment known for its bravery and valor, but it is not the oldest regiment in the Indian Army.
In conclusion, the oldest regiment of the Indian Army is the Madras Regiment.