Which of these are correct? Choose the most appropriate answer from the options given below.
1.In 1921, the European trading organization formed an apex body called the Associated Chamber of Commerce (ASSOCHAM)
2.In 1927, Indian capitalists formed their own organization, the FICCI
3.The cotton protection act of March 1931 raised the cotton duties from 11% to 15% but were limited to non-British goods
4.The increase in cotton duties was favourable to Lancashire
5.Indian industrialists and nationalists protested 'imperial preference' and a number of them resigned from the legislative assembly, including Birla and Purshottam Thakurdas
A1 and 2 only
B1, 2 and 3 only
C1, 2, 3 and 4 only
D1, 2, 4 and 5 only
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