The correct option is Option 2: 1 and 3 only.

1. Radhakanta Deb — First President of the British Indian Association

This pair is correctly matched. Radhakanta Deb was a prominent figure in the Bengal Renaissance movement and was the first President of the British Indian Association, which was founded in 1851. The British Indian Association was one of the earliest political organizations that sought to represent the interests of Indians in the British colonial government.

2. Gazulu Lakshminarasu Chetty —Founder of the Madras Mahajana Sabha

This pair is not correctly matched. Gazulu Lakshminarasu Chetty was a prominent businessman and philanthropist from Madras (now Chennai), who played a significant role in the establishment of the Madras Mahajana Sabha, which was a socio-cultural organization founded in 1884. However, the founder of the Madras Mahajana Sabha was actually P. Ananda Charlu, who was a lawyer and a member of the Madras Legislative Council.

3. Surendranath Banerjee — Founder of the Indian Association

This pair is correctly matched. Surendranath Banerjee was a prominent Bengali leader and a member of the Indian National Congress. He founded the Indian Association in 1876, which was one of the earliest political organizations in India that sought to promote the interests of Indians and to advance the cause of Indian nationalism.

In conclusion, only pairs 1 and 3 are correctly matched, and the correct option is Option 2.