Consider the following statements regarding the Bharat Ratna and Padma Awards:

1. They are 'titles' prohibited or regulated under Article 18(1) of the Constitution.

2. The Padma Awards, instituted in 1954, have never been suspended since their institution.

3. There is a constitutional rule capping the number of Bharat Ratna awards at five per year.

How many of the statements given above are correct?