• Indian National Congress also is known as Congress Party in India was founded by the Allan Octavian Hume in the year 1885.
• Apart from the A.O Hume, Dadabhai Naroji and Dinshaw Wacha was also the founder of Indian National Congress. 

• 1916 Lucknow session of INC was headed by A C Mazumdar.

• In this session Annie Besant played a vital role in resolving issues between moderates and extremists.

Other options:

A) 1909 Lahore Session was chaired by MM Malviya.

B) 1920 Calcutta Session was chaired by Lala Lajpat Rai.

C) 1924 Belgaon Session was chaired by Mahatma Gandhi.

• The 23rd Session of the Congress was held at Surat.
• There was an open clash between the Moderates and the Extremists which led to a split in the Congress.
• The Extremists wanted to hold the session at Nagpur as was decided at the Calcutta Session of the Congress but the Moderates wanted to hold the session at Surat.
• The Extremists wanted to make either Tilak or Lala Lajpat Rai as the President of the session while the Moderates wanted to make Ras Bihari Ghosh as the President.
• The Moderates wanted to recede from the policy laid down in the Calcutta Congress and tried to exclude the resolutions on Swadeshi, Boycott and National Education as were passed by the Calcutta Congress. But the Extremists were not prepared to do so.
• While the leadership of the Congress remained in the hands of the Moderates for some time more the Extremists worked separately till 1916.

The Indian National Congress (INC) was divided into two groups i.e., extremists and the moderates, at the Surat Session in 1907. The issue of Partition of Bengal and failure of National Congress as an active party gave birth of extremism in the Indian National Congress. In 1905 in the Banaras Session of the INC, Gokhale as the president for the first time discussed over ‘Swaraj’. In 1907, in the Surat Session of INC, the two main objectives, i.e., Demand for the resolution of Swaraj and Lala Lajpat Rai to be made the President of the INC, were placed by the extremists. These two demands were not acceptable to the moderates and Rash Behari Ghosh from moderate group became the President of the Surat session.

The first female President of Indian National Congress was Annie Besant. Thus, Option B is correct.

• Indian National Congress was founded in 1885 by A.O. Hume and W.C. Banerjee was its first President.

• Annie Besant was the first female President of Indian National Congress in 1917.

• Annie Besant was a theosophist, women's rights activist, educationist, and philanthropist.

• She along with Tilak was associated with Home Rule League.

• It was on lines of Irish Home Rule movement.

• Sarojini Naidu became the first Indian female President of Indian National Congress in 1925.

• Womesh Chunder Bannerjee presided over the first session of the Indian National Congress. W.C. Bonnerjee was born on 29 December 1844 in Calcutta.
• The first session of Indian National Congress was held from 28–31 December 1885, and was attended by 72 delegates.

• Subhash Chandra Bose was elected as the President of Indian National Congress at its Haripura Session in 1938 and Tripuri session in 1939.

 * The Indian National Congress session of September 1920 was held at Calcutta.

* In this session, Mahatma Gandhi moved the Non cooperation resolution.

* It was presided by Lala Lajpat Rai.