Read the following statements:
1. India Index Services & Products Limited (IISL) has launched Nifty 200 Quality 30 index, which will track the performance of select firms based on profitability and earnings growth variability.
2. It includes top 30 companies from its parent Nifty 500 index, selected on the basis of their 'quality' scores.
3. Weight of each stock in the index will be based on a combination of stock's quality score & its free float market capitalization.
Which of the above statements is/are correct?