Which one of the following statements is not correct about Dadabhai Naoroji?
1. He was the first Indian to be appointed as professor of Mathematics and Physics at Elphinstone College, Bombay.
2. He was elected as the member of British Parliament in 1892.
3. He started a Gujarati Journal, 'Rast Goftar'.
4. For four times he had presided over the Indian National Congress.