The correct answer is option 3 - 1, 2 and 3.

Let`s dissect each option to understand why it is correct or incorrect:

Option 1 states that a person above the age of thirty-five years is eligible for election as the President of India. This statement is correct. According to Article 58 of the Indian Constitution, a person should be at least 35 years old to be eligible for the presidency.

Option 2 states that the President of India is eligible for re-election for more than one term. This statement is also correct. According to Article 57 of the Indian Constitution, there is no limit on the number of terms a President can serve. Therefore, the President can be re-elected for multiple terms.

Option 3 states that a person is not eligible for election as the President of India if the person holds an office of profit. This statement is correct as well. Article 58 of the Indian Constitution states that a person holding any office of profit under the Government of India or any state government is not eligible for election as President.

Therefore, all three statements are correct, making option 3 the correct answer.