The correct answer is option 3, which states that statement 3 only is incorrect. Let`s examine each statement one by one:

1. Statement 1: "He is the first Law Officer of the Government of India." This statement is correct. The Attorney General of India is indeed the first Law Officer of the Government of India.

2. Statement 2: "He is entitled to the privileges of a Member of Parliament." This statement is correct. The Attorney General of India has the right to speak and take part in the proceedings of both Houses of Parliament without the right to vote, which means he is entitled to the privileges of a Member of Parliament.

3. Statement 3: "He is a whole-time counsel for the Government." This statement is incorrect. The Attorney General of India is not a whole-time counsel for the Government. He is allowed to engage in private practice, provided that it does not interfere with his duties as the Attorney General.

4. Statement 4: "He must have the same qualifications as are required to be a judge of the Supreme Court." This statement is also incorrect. While the Attorney General is usually a senior advocate of the Supreme Court, there is no specific requirement for him to have the same qualifications as a judge of the Supreme