Which of the following statements is incorrect about the membership of the NITI Aayog?
1. Prime Minister Narendra Modi is its Chairperson.
2. Home Minister, Defence Minister, Finance Minister, and Education Minister are the ex-officio members.
3. Governing Council consists of the Chief Ministers of all the States and Lt. Governors of Union Territories in India.
4. V.K. Saraswat and Ramesh Chand are the full time members.