With reference to the Committee on Public Undertakings, consider the following statements: 1. It comprises 22 members, with 15 elected from the Lok Sabha and 7 from the Rajya Sabha. 2. A key function of this committee is to examine the reports of the Comptroller and Auditor General (CAG) on public undertakings. Which of the statements given above is/are correct?

Explanation

The Committee on Public Undertakings was created in 1964 on the recommendation of the Krishna Menon Committee. Initially, it had 15 members, but in 1974, the membership was increased to 22 (15 from Lok Sabha and 7 from Rajya Sabha). Its main function is to examine the reports and accounts of public undertakings and to examine the reports of the Comptroller and Auditor General (CAG) on public undertakings. Therefore, both statements are correct.