From the following statements regarding the economic critique of colonialism, which ones are correct? Choose the most appropriate answer from the options given below.

1.The British administrators attributed the rapid construction of railroads and the growth of India's foreign trade as a proof of India's prosperity.

2.For the nationalists, a negative impact on indigenous industries represented the underdevelopment of the economy.

3.The nationalists emphasized that while expenditure served British imperial needs, it also brought consequent prosperity to India.

4.Not until 1905 did the drain theory form part of the Indian National Congress agenda.

A1 and 2 only

B2, 3 and 4 only

C2 and 4 only

D1 and 4 only

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