With reference to the Group of Seven (G7), consider the following statements:

1. It is an intergovernmental organisation that was formed in 1975.

2. The bloc meets annually to discuss issues of common interest like global economic governance, international security and energy policy.

3. The G7 countries are the UK, Canada, France, Germany, Italy, Japan and the US.

4. The recent meeting of G7 countries was attended by India as a guest country.

Which of the above statement is/are correct?