Explanation:

- The Indian Institute of Science (IISc) was established in 1909, in Bangalore.

- Its foundation was largely due to the vision and efforts of Jamshed Ji Tata (also known as Jamsetji Nusserwanji Tata), with support from the Maharaja of Mysore and the British Government.

- Here’s a look at the options:

- Option 1: 1917, Prafull Chandra Rai — Not correct. IISc was founded earlier, and P.C. Ray was not the founder.

- Option 2: 1930, J.C. Bose — Incorrect year and person.

- Option 3: 1909, Jamshed JI Tata — Correct year and founder. The right answer!

- Option 4: 1911, Meghnad Saha — Wrong year and person. Meghnad Saha was a famous physicist, but not associated with the establishment of IISc.

- Correct Answer: Option 3 is the right answer. IISc was established in 1909 by Jamshed Ji Tata.