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The correct answer is option 1 i.e. Dadabhai Naoroji.
The president of the Indian National Congress (INC) in 1906 was Dadabhai Naoroji. He presided over the Calcutta session and played a key role in articulating the demand for Swaraj (self-rule). This session was significant as it marked the formal adoption of Swaraj as the Congress's goal. Naoroji, also known as the "Grand Old Man of India," emphasized economic nationalism and criticized British economic policies that led to India's poverty. His leadership strengthened the foundation of the freedom movement, inspiring future leaders like Mahatma Gandhi and Bal Gangadhar Tilak.