Consider the following statements with respect to the qualifications of members of the Finance Commission:

1. The Constitution authorises the President to determine the qualifications of members of the commission.

2. The chairman of the commission should be a person having experience in public affairs.

3. One of the members of the commission should be a judge of the high court or one qualified to be appointed as one.

How many of the above statements are correct? 

1
Only one
2
Only two
3
 All three
4
None

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