With reference to the Committee on Public Undertakings, consider the following statements: 1. This committee was established in 1964 following the recommendations of the Krishna Menon Committee. 2. The Chairman of this committee can be appointed from either the Lok Sabha or the Rajya Sabha. Which of the statements given above is/are correct?

Explanation

Statement 1 is correct: The Committee on Public Undertakings was formed in 1964 on the recommendation of the Krishna Menon Committee. It consists of 22 members (15 from Lok Sabha and 7 from Rajya Sabha). Statement 2 is incorrect: The Chairman of the Committee is appointed by the Speaker of the Lok Sabha from amongst its members who are drawn exclusively from the Lok Sabha. Rajya Sabha members of this committee cannot be appointed as its Chairman.