With regard to Panel of Chairperson, Lok Sabha, which of the following statements is/are correct ? 1. Panel of Chairperson is drawn from the ruling party only 2. Panel of Chairperson is nominated by different political parties and appointed by Speaker, Lok Sabha 3. Panel of Chairperson consists of 10 members and one of them presides over the House when both Speaker and Deputy Speaker are not there Select the correct answer using the code given below:

The Panel of Chairpersons in the Lok Sabha is formed to ensure the smooth functioning of the House in the absence of the Speaker and Deputy Speaker.

• Statement 1 is incorrect: The panel is composed of members from various political parties to maintain the representative character of the House, rather than being restricted to the ruling party.
• Statement 2 is correct: Although the formal power of nomination lies with the Speaker, the process involves different political parties suggesting/nominating names of their members, whom the Speaker then appoints to the panel.
• Statement 3 is correct: Under the Rules of the Lok Sabha, the panel consists of not more than 10 members. Any member of the panel can preside over the sittings of the House when both the Speaker and Deputy Speaker are absent.

Note: It is important to distinguish between 'absence' and 'vacancy'. A member of the panel can preside during the former but not the latter.