Read the following statements carefully: I. The Socialist party was established in 1934. II. The party only believed in socialism and not democracy.
Identify the correct option:

Correct option is A

Statement I: True. The Socialist Party was established in 1934. Leaders like Ram Manohar Lohia and Jayaprakash Narayan led the movement toward an independent Socialist Party, distinct from the Indian National Congress.
Statement II: False. The Socialist Party believed in both socialism and democracy. The party advocated for democratic socialism, combining social and economic equality with the principles of democratic governance.
Information Booster:
1. Ideology of the Socialist Party:
· Advocated for democratic socialism, land reforms, workers' rights, and socio-economic equality.
· Opposed authoritarianism and communal politics.
2. Notable Leaders:
· Ram Manohar Lohia: A key figure in promoting democratic socialism.
· Jayaprakash Narayan: Advocated for participatory democracy and socialist ideals.
3. Impact:
· Played a critical role in shaping opposition politics in post-independence India.
· Merged with other parties over time to form larger socialist movements, such as the Janata Party.