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Consider the following statements:

1. A Bill returned by the President for reconsideration does not lapse on the dissolution of the Lok Sabha.

2. A Bill passed by the Lok Sabha and pending in the Rajya Sabha lapses on the dissolution of the Lok Sabha.

3. A Bill under consideration of the Lok Sabha lapses when the Lok Sabha is prorogued.

4. A Bill pending in the Rajya Sabha but not passed by the Lok Sabha does not lapse on the dissolution of the Lok Sabha.

Which of the statements given above are correct?

A)  2, 3 and 4 only 

B)  1 and 2 only

C)  3 and 4 only    

D)  1, 2 and 4 only