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.

A. Only 1, 2 and 3

B. Only 2 and 4

C. Only 3 and 4

D. All are true

Answer: Option D