Which of the following statement(s) is/are correct about the ‘Defence Acquisition Council’?
1. It is chaired by the Defence Minister of India.
2. It decides upon the new policies and capital acquisitions only for the three services i.e. Army, Navy and Air Force.
3. It was formed after the Group of Ministers recommendations on ‘Reforming the National Security System’ in 2001.
Select the correct codes from below -