The option "There is no correct statement" is valid because all three statements are misleading or inaccurate. Firstly, Article 394 explicitly states that the Constitution shall come into force on 26th January 1950, thus designating it as the official title. Secondly, Article 395 explicitly repeals the Government of India Act, 1935, as well as the Indian Independence Act, 1947. Lastly, while the Constitution does not have an article explicitly stating it will be called the 'Constitution of India', its name is established through its text and the Preamble. Therefore, each statement fails to recognize the provisions and implications of the Constitution effectively, aligning with the critical analysis required in UPSC examinations.