Consider the following statements: 1. Privy purse referred to a specific sum of money that was payable annually to rulers of former princely states that signed the Instrument of Accession. 2. The payment of privy purse was a constitutional obligation before 42nd Amendment. 3. The abolition of Privy Purse was justified on the ground that it stood against the principle of egalitarianism enshrined in the Constitution. How many of the statements given above are correct?