Consider the following statements:
1. The principle of the rule of law empowers the judiciary to exercise oversight over the executive branch, particularly when it oversteps its jurisdiction, there by ensuring a system of checks and balances.
2. Article 105 and Article 194 of the Indian Constitution stand as exceptions to the rule of law, conferring specific privileges and immunities to Members of Parliament and State Legislatures, respectively
3. The rule of law is inherently linked to the concept of equality, implying that all individuals, regardless of their status, are subject to the same legal framework.
4. The doctrine of the rule of law is explicitly enshrined within the Indian Constitution, forming the corner stone of the nation's legal system.
How many of the statements given above are correct?