Which of the following statements is/are correct regarding the effect of the dissolution of the Lok Sabha on pending business in Parliament? 1. A bill passed by both Houses but pending the assent of the President does not lapse. 2. A bill passed by both Houses but returned by the President for reconsideration of the Houses does not lapse. 3. A bill pending in the Lok Sabha lapses, whether it originated in the Lok Sabha or was transmitted to it by the Rajya Sabha. Select the correct answer using the codes given below:

Options:

• A: 1 and 2 only
• B: 2 and 3 only
• C: 1 and 3 only
• D: 1, 2 and 3

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