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Correct Option is 1,2 and 4

Articles 79 to 122 in Part V of the Constitution deal with the organisation, composition, duration, officers, procedures, privileges, powers and so on of the Parliament. Under the Constitution, the Parliament of India consists of three parts the President, the Council of States and the House of the People. Each House of Parliament has its own presiding officer. There is a Speaker and a Deputy Speaker for the Lok Sabha and a Chairman and a Deputy Chairman for the Rajya Sabha. The Speaker is elected by the Lok Sabha from amongst its members. Whenever the office of the Speaker falls vacant, the Lok Sabha elects another member to fill the vacancy. The date of election of the Speaker is fixed by the President. Speaker of the Lok Sabha derives his powers and duties from three sources Constitution of India, the Rules of Procedure and Conduct of Business of Lok Sabha, and Parliamentary Conventions (residuary powers that are unwritten or unspecified in the Rules). Hence only statement 3 is incorrect.

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