- Statement 1 correctly states that the INC was formed in Bombay in 1885. The first session was held from 28 to 31 December 1885 at Gokuldas Tejpal Sanskrit College, Bombay. - Statement 2 correctly identifies W.C. Bonnerjee (Womesh Chandra Bonnerjee) as the first president of the INC. He presided over the inaugural session in Bombay.