With reference to Finance Commission, consider the following statements:
1. It is a quasi-judicial constitutional body that is constituted by the President of India.
2. The chairman of the commission should be a person having special knowledge of economics.
3. The members are not eligible for reappointment.
Which of the statements given above are not correct?
1
1 and 2 only
2
2 and 3 only
3
1 and 3 only
4
1, 2 and 3