The functions of the Committee on Estimates, as incorporated in the Constitution of India, shall be to 1. report what economies, improvements in organization, efficiency or administrative reform may be effected 2. suggest alternative policies in order to bring about efficiency and economy in administration 3. examine whether the money is well laid out within the limits of the policy implied in the estimates 4. examine the reports, if any, of the Comptroller and Auditor General on the public undertakings Select the correct answer using the code given below.

The Committee on Estimates is a standing committee of the Lok Sabha tasked with examining the estimates included in the budget. Its primary functions include reporting on economies, improvements in organization, and administrative reforms to enhance efficiency [1]. It is specifically mandated to suggest alternative policies to achieve efficiency and economy in administration [1]. Furthermore, it examines whether the money is well laid out within the limits of the policy implied in the estimates [1]. However, the examination of the Comptroller and Auditor General's (CAG) reports on public undertakings is the specific function of the Committee on Public Undertakings, not the Estimates Committee [2]. While the CAG submits reports on public undertakings to the President, the Estimates Committee is expressly prohibited from exercising functions related to undertakings allotted to the Committee on Public Undertakings [2]. Therefore, statements 1, 2, and 3 are correct.

Sources

1. [1] Laxmikanth, M. Indian Polity. 7th ed., McGraw Hill. > Chapter 24: Parliamentary Committees > Estimates Committee > p. 273
2. [2] Indian Polity, M. Laxmikanth(7th ed.) > Chapter 24: Parliamentary Committees > Pa rlia menta ry Committees > p. 272