Consider the following statements: 1. Dadabhai Naoroji first put forward 'the theory of drain of wealth'. 2. The Indian National Congress adopted a resolution to criticize the drain of wealth in its annual session at Calcutta in 1896. Which of the statements given above is/are correct?

• Correct answer
  A

  1 only
• B

  2 only
• C

  Both 1 and 2
• D

  Neither 1 nor 2

Hence, the correct answer is option: 'A'.