Consider the following statements regarding the Parliamentary Committee on Public Undertakings:
1. It consists of 15 members, with representation from both Lok Sabha and Rajya Sabha.
2. Election to the committee is done by proportional representation through a single transferable vote.
Which of the following statements is/are correct?
1
Only 1
2
Only 2
3
Both 1 and 2
4
Neither 1 nor 2