Explanation: The national leaders like Dadabhai Naoroji, Pherozshah Mehta, D.E. Wacha, W.C. Bonnerjea, S.N. Banerjea who dominated the Congress policies during the early period (1885-1905) were staunch believers in ‘liberalism’ and ‘moderate’ politics and came to be labelled as Moderates to distinguish them from the neo-nationalists of the early twentieth century who were referred to as the Extremists.

Source: Spectrum Modern India