With reference to the Indian Parliament, consider the following statements :

1. A bill pending in the Lok Sabha lapses on its dissolution.

2. A bill passed by the Lok Sabha and pending in the Rajya Sabha lapses on the dissolution of the Lok Sabha.

3. A bill in regard to which the President of India notified his/her intention to summon the Houses to a joint sitting lapses on the dissolution of the Lok Sabha.

Which of the statements given above is/are correct?

The correct option is 1 and 2.

In the context of the Indian Parliament, the rules governing the lapsing of bills upon the dissolution of the Lok Sabha (the Lower House) are specified under Article 107 and Article 108 of the Constitution of India. The position regarding the three statements is analyzed below:

Statement 1 is correct: A bill that is pending in the Lok Sabha (whether it originated in the Lok Sabha or was transmitted to it by the Rajya Sabha) lapses upon the dissolution of the Lok Sabha.

Statement 2 is correct: A bill that has been passed by the Lok Sabha but is currently pending in the Rajya Sabha (the Upper House) also lapses upon the dissolution of the Lok Sabha. This is because the bill was passed by a House which has now been dissolved, and it cannot be carried forward in its current form without the consent of a newly elected Lok Sabha.

Statement 3 is incorrect: According to Article 108 of the Constitution, if the President of India has notified their intention to summon a joint sitting of both Houses to resolve a deadlock on a bill before the dissolution of the Lok Sabha, the bill does not lapse. The joint sitting can be held, and the bill can be passed despite the dissolution of the Lok Sabha in the interim.

Therefore, only statements 1 and 2 are correct.