Consider the following statements: 1. The Chairman of the Committee on public Accounts is appointed by the Speaker of the Lok Sabha. 2. The Committee on public Accounts comprises Members of Lok Sabha, Members of Rajya Sabha and a few eminent persons of industry and trade. Which of the statements given above is/are correct?

1. Statement 1 is correct. The Chairman of the Committee on Public Accounts is appointed by the Speaker of the Lok Sabha from amongst its members, conventionally from the main opposition party. 2. Statement 2 is incorrect. The Committee on Public Accounts consists of 22 members: 15 elected from the Lok Sabha and 7 elected from the Rajya Sabha. It does not include eminent persons of industry and trade.