Consider the following statements : 1. The Governor of the Reserve Bank of India (RBI) is appointed by the Central Government. 2. Certain provisions in the Constitution of India give the Central Government the right to issue directions to the RBI in public interest. 3. The Governor of the RBI draws his power from the RBI Act. Which of the above statements are correct?

1. Statement 1 is correct. The Governor of the Reserve Bank of India (RBI) is appointed by the Central Government as per Section 8(1)(a) of the RBI Act, 1934. 2. Statement 2 is incorrect. Section 7 of the RBI Act allows the Central Government to issue directions to the RBI in the public interest after consultation with the Governor. However, the Constitution of India does not contain specific provisions granting this power directly to the Central Government regarding the RBI. 3. Statement 3 is correct. The Governor of the RBI exercises powers and performs duties as laid down in the RBI Act, 1934. The Act is the primary source of the Governor's authority and the RBI's functions. Hence, statements 1 and 3 are correct.