Explanation:

2nd option is correct.

• The Swaraj Party, or Swarajya Party or Swarajist Party, established as the Congress-Khilafat Swarajaya Party, was a political party formed in India in January 1923 after the Gaya annual conference in December 1922 of the National Congress, that sought greater self-government and political freedom for the Indian people from the British Raj.
• It was inspired by the concept of Swaraj. In Hindi and many other languages of India, swaraj means "independence" or "self-rule."
• The two most important leaders were Chittaranjan Das, who was its president and Motilal Nehru, who was its secretary.