As per the Constitution of India, which of the following statements regarding the powers of the Supreme Court of India is correct?
1
The Supreme Court shall be a court of record and shall have all the powers of such a court, including the power to punish for contempt of itself.
2
The Supreme Court shall have limited powers and cannot punish for contempt of itself.
3
The Supreme Court is not a court of record and does not have the power to punish for contempt of itself.
4
The Supreme Court's powers are subject to the approval of the President of India.