Consider the following statements regarding Committee on Public Undertakings: 1. It was created in 1964 on the recommendation of the Krishna Menon Committee. 2. It consists of 22 members. Which of the statements given above is/are correct?

[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

Answer: C

Notes:

Explanation: Committee on Public Undertakings: This committee was created in 1964 on the recommendation of the Krishna Menon Committee.

Originally, it had 15 members (10 from the Lok Sabha and 5 from the Rajya Sabha). However, in 1974, its membership was raised to 22 (15 from the Lok Sabha and 7 from the Rajya Sabha).
The members of this committee are elected by the Parliament every year from amongst its own members according to the principle of proportional representation by means of a single transferable vote.

Source: Laxmikanth Governance