With reference to Indian Polity, which one of the following statements is correct?

1. Statement A is incorrect. The Planning Commission (now defunct) was established by a resolution of the Union Cabinet and functioned as an advisory body. It was not directly accountable to Parliament, although its plans and performance were subject to parliamentary scrutiny. 2. Statement B is correct. Article 123 of the Constitution empowers the President to promulgate ordinances during the recess of Parliament. The condition is that he can do so only when either of the two Houses of Parliament is not in session and immediate action is deemed necessary. An ordinance cannot be promulgated if both Houses are in session. 3. Statement C is incorrect. The Constitution does not prescribe a minimum age for appointment as a Judge of the Supreme Court. It prescribes qualifications related to citizenship, judicial experience (High Court Judge for 5 years), or legal practice (High Court advocate for 10 years), or being a distinguished jurist in the President's opinion. 4. Statement D is incorrect. The National Development Council (NDC) (now largely defunct) was constituted of the Prime Minister (as Chairman), all Union Cabinet Ministers, Chief Ministers of all the States, representatives of Union Territories, and Members of the Planning Commission. It included more than just the Union Finance Minister and Chief Ministers.