With reference to the differences between the Council of Ministers (CoM) and the Cabinet, consider the following statements:
1. Unlike the Cabinet, the CoM does not usually meet as a body to transact government business and has no collective functions.
2. While the CoM is a constitutional body, the term 'Cabinet' is not mentioned in the Constitution.
3. While the CoM is presided over by the Prime Minister, the Cabinet Secretary presides over Cabinet meetings.
How many of the above given statements are correct?