Correct Answer:

B: 2 only

Explanation of Statements/Options:

Statement 1 is incorrect.  
 • The Committee on Public Undertakings consists of 22 members.
 • Out of these, 15 members are from the Lok Sabha and 7 members are from the Rajya Sabha.
 • Therefore, there are more members from the Lok Sabha than the Rajya Sabha in the Committee.

Statement 2 is correct.  
 • The Chairperson of the Committee on Public Undertakings is appointed by the Speaker of the Lok Sabha.
 • This is a standard procedure for parliamentary committees in India, where the Speaker has the authority to appoint the Chairperson.
 • The Chairperson is usually selected from among the members of the Lok Sabha who are part of the Committee.