Indian Polity · Polity

Consider the following statements: Statement I: Courts in India can examine the legality of executive action, but ordinarily refrain from interfering in matters of public policy unless there is manifest illegality, arbitrariness, or violation of constitutional/statutory provisions. Statement II: Article 166(3) of the Constitution empowers High Courts to frame the Rules of Business for State Governments, thereby permitting judicial oversight over allocation of departmental subjects and expenditure heads. Statement III: Judicial review permits courts to substitute their own policy preferences for executive choices in governance outreach programmes involving public expenditure. Which one of the following is correct in respect of the above statements?