Which of the following are true about Legislative Council of a State?
1. Its total number of members does not exceed two-thirds of total number of members in the Legislative Assembly of that State but is not less than 40.
2. One-third of its members are elected by the Legislative Assembly, one-third by local bodies, one-twelfth by teachers, one-twelfth by university graduates and one-sixth nominated by the Governor.
3. It cannot be dissolved.
4. One-third of its members retire every year.
(a) I, II and III
(b) II and III
(c) II, III and IV
(d) I, II, III and IV