Regarding the office of the Lok Sabha Speaker, consider the following statements:
1. He/She holds the office during the pleasure of the President.
2. He/She need not be a member of the House at the time of his/her election.
3. If he/she intends to resign, the letter of his/her resignation has to be addressed to the Deputy Speaker.
Which of the statements given above is/are correct?
1. 1 and 2 only
2. 3 only
3. 1, 2 and 3
4. None