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. Statement 1: The "Bombay Manifesto", signed by 21 leading Bombay businessmen in 1936, was issued as a critique of Jawaharlal Nehru's advocacy of socialist ideas, particularly his presidential address at the Lucknow Congress session. It openly opposed the preaching of socialist ideals, arguing they were detrimental to private property and industry. This statement is correct. 2. Statement 2: The manifesto represented the concerns of a significant section of the capitalist class, primarily based in Bombay but reflecting anxieties present in the business community elsewhere as well. While perhaps not *all* sections across India explicitly signed or supported it, it did represent a major strand of opinion within the Indian business elite against radical socialist policies. Thus, it evoked support from a large section of business community. This statement is generally considered correct in representing the sentiment it captured. 3. Since both statements are correct, the answer is (C) Both 1 and 2.