The correct sequence of events is 1, 3, 2, 4.

1. The foundation of Indian National Congress was the first event to occur. The Indian National Congress (INC) was founded in 1885 and played a significant role in the Indian independence movement.

2. The Home Rule Movement was the next event in the sequence. The Home Rule Movement aimed to attain self-governance for India within the British Empire. It gained momentum during World War I and was led by prominent leaders like Annie Besant and Bal Gangadhar Tilak.

3. The Simon Commission was the third event to occur. The Simon Commission was a British parliamentary commission sent to India in 1928 to discuss constitutional reforms. It was met with strong opposition and boycotted by Indian political parties, leading to protests and demonstrations.

4. The Cabinet Mission was the last event in the sequence. The Cabinet Mission was sent to India in 1946 to propose a plan for India`s independence. It recommended the formation of a Constituent Assembly to draft a new constitution for India.

Therefore, option 1, which is 1, 3, 2, 4, is the correct answer.