Which of the following statements is/are correct regarding the Estimates Committee of the Indian Parliament? 1. It consists of members from both the Lok Sabha and the Rajya Sabha. 2. It is also known as the 'Continuous Economy Committee'. 3. It has a total of 30 members.

Explanation

The Estimates Committee has 30 members, and all of them are elected solely from the Lok Sabha; the Rajya Sabha has no representation on this committee. Its primary function is to examine the budget estimates and suggest alternative policies to bring about efficiency and economy in administration, which is why it is often referred to as the 'Continuous Economy Committee'. Thus, statements 2 and 3 are correct.