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The correct option is option 3, which states that only statement 1 is correct. Let`s analyze each statement to understand why.
Statement 1: There are four grand slam annual tennis tournaments. This statement is true. The four grand slam tournaments are the Australian Open, the French Open, Wimbledon, and the US Open.
Statement 2: The first grand slam of a year is the US Open. This statement is incorrect. The first grand slam of the year is actually the Australian Open, which takes place in January.
Statement 3: The Australian and the US tournaments are played on grass court. This statement is incorrect. The Australian Open is played on hard court, while the US Open is played on acrylic hard court. Grass court is used for Wimbledon, which is held in the United Kingdom, and the French Open is played on clay court.
In conclusion, only statement 1 is correct, and the correct option is option 3.