Name the statesman who was the last Governor General of India and the founder of Swatantra Party.

C. Rajagopalachari

The correct answer is Option (2) - C. Rajagopalachari

The founder of the Swatantra Party was C. Rajagopalachari. He was the last Governor General of India.
The Swatantra Party was actually formed on August 4, 1959, as a political party in India that advocated free-market economic policies. The Swatantra Party wanted the government to be less and less involved in controlling the economy. It believed that prosperity could come only through individual freedom. It was critical of the development strategy of state intervention in the economy, centralized planning, nationalization, and the public sector. It instead favored expansion of a free private sector. C. Rajagopalachari, K.M Munshi, N.G. Rangaa, and Minoo Masani are the leaders associated with the Swatantrata Party that was formed in August 1959 after the Nagpur resolution of the Congress.