Consider the following statements regarding the Finance commission:

1. It is constituted by the president.

2. Recommendations of the Finance Commission are not binding on the government. 

3. It is a quasi-judicial body.

Which of the above statements is/are true?

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

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