The correct answer is: Neither 1 nor 2
The Railway Convention Committee (RCC) is a joint committee of the Indian Parliament, consisting of members from both the Lok Sabha and the Rajya Sabha. The Chairman of the RCC is appointed by the President of India on the recommendation of the Prime Minister.
The RCC is responsible for reviewing the working of the Indian Railways and making recommendations for its improvement. It also has the power to investigate complaints against the Railways.
The RCC was established in 1920, and has been in continuous existence since then. It has played a significant role in the development of the Indian Railways, and its recommendations have been implemented by the government on a number of occasions.
The RCC is a powerful and influential body, and its recommendations are taken seriously by the government. It is an important forum for the discussion of railway issues, and its work has helped to improve the quality of service provided by the Indian Railways.
Here is a brief explanation of each option:
- Option A: It consists of members from Lok Sabha only. This is incorrect because the RCC consists of members from both the Lok Sabha and the Rajya Sabha.
- Option B: Chairman of Railway Convention Committee is appointed by Lok Sabha speaker. This is incorrect because the Chairman of the RCC is appointed by the President of India on the recommendation of the Prime Minister.
- Option C: Both 1 & 2. This is incorrect because both statements are incorrect.
- Option D: Neither 1 nor 2. This is the correct answer because neither statement is correct.