1. The number of seats allotted to the states in the Rajya Sabha has been provided as per the Fourth Schedule.
2. As per the Constitution of India, the term of members of the Rajya Sabha is six years.
3. The election of the members of the Rajya Sabha is held by an open ballot system.

As per the recent announcement by the Finance Minister of India, which of the following institutions in India will take over the bad loans from banks and try to resolve them?

1. National Asset Reconstruction Company (NARCL) 
2. India Debt Resolution Company (IDRCL) 
3. Financial Stability and Development Council

Select the correct answer using the code given below:

1. The Nalanda school of bronze casting emerged during the rule of the Pala dynasty.
2. The iconic bronze image of Nataraja is associated with the Chola school.