Consider the following statements : 1. Statement-I : 7th August is declared as the National Handloom Day. 2. Statement-II: It was in 1905 that the Swadeshi Movement was launched on the same day. Which one of the following is correct in respect of the above statements?

1. Statement-I states that 7th August is declared as National Handloom Day in India. The Government of India declared 7th August as National Handloom Day in 2015 to honour the handloom weavers and the contribution of the handloom sector. This statement is correct. 2. Statement-II states that the Swadeshi Movement was launched on 7th August, 1905. The formal proclamation of the Swadeshi Movement was indeed made on 7th August 1905, at a meeting held in the Calcutta Town Hall, marking a significant moment in India's freedom struggle, emphasizing self-reliance and the boycott of foreign goods. This statement is correct. 3. The choice of 7th August for National Handloom Day was made specifically to commemorate the launch date of the Swadeshi Movement, which heavily promoted indigenous industries, including handlooms. Therefore, Statement-II provides the historical context and is the correct explanation for Statement-I. 4. Both statements are correct, and Statement-II correctly explains Statement-I.