Explanation:

Only statements 1&2 are correct.

Hindustan Republican Association (HRA)

• In 1920, Mahatma Gandhi declared the launch of the Non-Cooperation Movement.

• Owing to the Chauri Chaura incident Gandhi withdrew the movement.

• The HRA was thus founded by a group of young men who were disillusioned by Gandhi’s tactics.

Kakori Train Action Incident

• The train robbery at Kakori was the HRA’s first major action, in August 1925 which took place in the train number 8 which ran between Shahjahanpur and Lucknow.

• On a fateful day, it carried treasury bags meant to be deposited in the British treasury in Lucknow.

• On August 9, 1925, as the train was passing the Kakori station, about 15 km from Lucknow, Rajendranath Lahiri, a member of the HRA who was already seated inside, pulled the chain and stopped the train.

• Subsequently, around ten revolutionaries, including Ram Prasad Bismil and Ashfaqullah Khan, entered the train and overpowered the guard.

• They looted the treasury bags (containing approx. Rs. 4,600) and escaped to Lucknow.

• The only major leader of HRA at this time who evaded arrest was Chandrasekhar Azad.

• In 1928, a year after the execution of the Kakori Conspiracy accused, the HRA merged with various other revolutionary groups that had emerged in Punjab, Bihar and Bengal and became the Hindustan Socialist Republican Association (HSRA).

Hence option 1st is correct.