Concept:
Alkali metals dissolve in liquid ammonia producing solvated electrons.
Step 1:
When alkali metal dissolves:
\[
M \rightarrow M^{+}+e^{-}
\]
Step 2:
The released electron becomes surrounded by ammonia molecules.
\[
e^{-}(NH_{3})
\]
This is called ammoniated electron.
Step 3:
These ammoniated electrons absorb visible light and impart blue colour.
Step 4:
Hence blue colour is due to:
\[
\boxed{\text{Ammoniated electron}}
\]
\[
\boxed{\text{Correct Option = (1)}}
\]