The Government of India Act 1935 was a step forward towards the responsible government in India. It was a detailed document containing 321 sections and 10 schedules . Features of Government of India Act 1935 It provided for the establishment of an all India Federation . Hence , Statement 1 is correct. They divided the powers between the centre and states based on three lists- Federal list, provincial list, and concurrent list . Residuary powers were given to the viceroy . Abolished Dyarchy in the provinces and introduced provincial autonomy . Hence , Statement 2 is correct. It provided for the adoption of Dyarchy at the centre in which the federal subjects were divided into reserved and transferred subjects. It introduced bicameralism in 6 out of 11 provinces - Bengal, Bombay, Madras, Bihar, Assam, and United provinces . It extended the principle of communal representation by providing separate electorates for depressed classes like scheduled caste, women, and workers . It abolished the Council of India . It extended the franchise . It provided for the establishment of a Reserve Bank of India to control the currency and credit of the country. It provided for the establishment of the Federal Public Service Commission, provincial public service commission, and joint Public Service Commission . Hence , Statement 3 is correct. It provided for the establishment of a federal court which was set up in 1937 .