Consider the following statements about the Public Undertakings Committee. Which among them is/are not true? 1. Public Undertakings Committee was first created in 1964.2. It consists of 15 members from Lok Sabha and 7 members from Rajya Sabha.3. Its Chairman is strictly a member of the Lok Sabha.4. The main function of the Public Undertakings Committee is to analyze the accounts of Public Undertakings and examine reports of CAG on public undertakings.

Political institutions are the organizations in a government that create, enforce, and apply laws. They often mediate conflict, make (governmental) policy on the economy and social systems, and otherwise provide representation for the population.