The correct option is "Only two" because statements 2 and 3 are accurate, while statement 1 is misleading. The Home Guards are actually raised under the Home Guards Act of 1968, but the organizational structure and rules are determined by individual state governments, not exclusively by the Central Government. Therefore, while the Home Guards do assist police forces in maintaining internal security and some states have established Border Wing Home Guards for securing borders, the governance structure does not solely fall under central jurisdiction, making only statements 2 and 3 correct in the context of their roles and responsibilities. This understanding aligns with standard references on governance and internal security as covered in UPSC preparation materials.