With reference to the concept of the Rule of Law, consider the following statements:

1. Absence of arbitrary power is one of its elements.
2. Equal subjection of all persons to the ordinary law administered by ordinary courts is one of its elements.
3. The proposition that individual rights are the result of judicial decisions rather than a written constitution applies fully to India.
4. The Rule of Law embodied in Article 14 has been recognised as a basic feature of the Constitution.

Which of the statements given above are correct?