With reference to Panchayats at the intermediate (block/taluka) level under the 73rd Constitutional Amendment, consider the following statements:

1. It is mandatory for every State to constitute an intermediate-level Panchayat, with no exceptions.

2. The minimum age to contest election to an intermediate-level Panchayat is fixed at 30 years.

3. The Chief Minister of the State constitutes the Finance Commission that reviews Panchayat finances.

Which of the statements given above is/are correct?