Which one of the following statements is not correct?

1
Colonial sources cited the Rebellion of 1857 as 'sepoy mutiny'
2
Syed Ahmad Khan focussed on the loyalty of Muslims towards British rulers in the 1857 Rebellion
3
The English 'Free Traders' supported the East India Company's monopoly in India and condemned the Indian chieftains for rebelling against the company
4
R. C. Majumdar refused to accept the 1857 Rebellion as the 'First War of Independence'

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