Which statements about the Committee on Public Undertakings are correct

Which of the following statements about the Committee on Public Undertakings is/are correct?

1. There are more members from the Rajya Sabha than the Lok Sabha in the Committee.
2. The Chairperson of the Committee is appointed by the Speaker of the Lok Sabha.

Select the correct answer using the code given below.

1. 1 only
2. 2 only
3. Both 1 and 2
4. Neither 1 nor 2