Consider the following statements:

1. The “Bombay Manifesto” signed in 1936 openly opposed the preaching of socialist ideals.
2. It evoked support from a large section of business community from all across India.

Which of the statements given above is/are correct?

1. 1 only
2. 2 only
3. Both 1 and 2
4. Neither 1 nor 2

Explanation

Statement 1 is correct

• The Bombay Manifesto of 1936 was issued by prominent Indian industrialists such as G. D. Birla, Purshottamdas Thakurdas and others. It was a direct response to the growing influence of socialist ideas within the Indian National Congress, particularly under Jawaharlal Nehru. The manifesto explicitly opposed state socialism, nationalisation of industries and excessive state control over private enterprise. It sought to defend private capital and free enterprise.

Statement 2 is incorrect

• Manifesto did not receive broad-based support from the entire Indian business community.

Answer: (a) 1 only