Consider the following statements regarding stability of floating bodies : 

1. If metacentre (M) lies above centroid (G), then the body is said to be in unstable equilibrium.

2. If metacentre (M) lies below centroid (G), then the body is said to be in unstable equilibrium.

3. If metacentre (M) coincides with centroid (G), then the body is said to be in stable equilibrium.

Which of the above statements is/are correct ?

1
1 and 3
2
2 and 3
3
2 only
4
1 only

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