With reference to the Estimates Committee of the Indian Parliament, which of the following statements is/are correct?
1. Its origin can be traced back to the Standing Financial Committee set up in 1921.
2. Post-independence, the first Estimates Committee was established in 1950 on the recommendation of John Matthai.
3. It consists of 30 members elected from both the Lok Sabha and the Rajya Sabha.
Select the correct answer using the code given below:

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Accepted Answer

Statements 1 and 2 are correct. The Estimates Committee traces its origin to the Standing Financial Committee of 1921, and the first post-independence Estimates Committee was set up in 1950 on John Matthai's recommendation. Statement 3 is incorrect because all 30 members of the Estimates Committee are drawn entirely from the Lok Sabha; the Rajya Sabha has no representation on this committee.

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