Which of the following statements about the formation of the Indian National Congress are true? 1. The Indian National Congress was formed at a national convention held in Calcutta in December 1885 under the Presidency of Motilal Nehru. 2. The Safety Valve Theory regarding the formation of the Indian National Congress emerged from a biography of A. O. Hume written by William Wedderburn. 3. An early decision was that the President would be from the same region where the session was to be held. 4. W. C. Banerjee was the first President of the Indian National Congress. Select the correct answer using the code given below.