Explanation:

The Rajya Sabha is the Upper House of Parliament. It has its own distinctive features and reflects the federal character of the Constitution, and protects the rights of States. Statement 1 is correct: The Rajya Sabha cannot initiate, reject, or amend money bills. It is the exclusive power of the Lok Sabha. However, it can provide recommendations for money bills which may or may not be accepted by the Lok Sabha. Statement 2 is incorrect: The Council of Ministers is collectively responsible to the Parliament in general and to the Lok Sabha in particular. Hence, the Council of Ministers is not responsible to the Rajya Sabha. Statement 3 is correct: The approval of the Rajya Sabha is necessary if the Union Parliament wishes to remove a matter from the State List (over which only the State Legislature can make law) to either the Union List or Concurrent List in the interest of the nation.