Which of the following statements about the Committee on Public Undertakings is/are correct? 1. There are more members from the Rajya Sabha than the Lok Sabha in the Committee. 2. The Chairperson of the Committee is appointed by the Speaker of the Lok Sabha. Select the correct answer using the code given below.

The Committee on Public Undertakings consists of 22 members, with 15 members elected from the Lok Sabha and 7 members from the Rajya Sabha. Therefore, statement 1 is incorrect as there are more members from the Lok Sabha than the Rajya Sabha. The members are elected by the respective Houses from amongst their members according to the principle of proportional representation by means of a single transferable vote. Regarding statement 2, the Chairperson of the Committee is appointed by the Speaker of the Lok Sabha from amongst the members of the Committee who are drawn from the Lok Sabha. Members from the Rajya Sabha cannot be appointed as the Chairperson of this committee. This ensures the committee's accountability to the lower house in financial matters. Consequently, only the second statement is correct.

Sources

1. [1] Indian Polity, M. Laxmikanth(7th ed.) > Chapter 23: Parliament > PRESIDING OFFICERS OF PARLIAMENT > p. 229