The correct option is (c).
Explanation
The Constituent Assembly appointed various committees to handle specific tasks related to constitution-making. The most critical among these was the Drafting Committee, set up on August 29, 1947, to prepare the draft of the new Constitution.
Statement-wise Analysis:
- Statement 1 is Correct: The Drafting Committee was one of the major committees of the Constituent Assembly. Other major committees included the Union Powers Committee, the Union Constitution Committee, and the Provincial Constitution Committee.
- Statement 2 is Incorrect: The primary function of the Drafting Committee was to scrutinize the draft prepared by the Constitutional Adviser (B.N. Rau) and prepare a Draft Constitution for the Assembly's consideration. It was not responsible for the financial budget; matters related to finance and staff were handled by the Finance and Staff Committee.
- Statement 3 is Correct: The committee was chaired by Dr. B.R. Ambedkar. It consisted of seven members, including N. Gopalaswami Ayyangar, Alladi Krishnaswami Ayyar, Dr. K.M. Munshi, Syed Mohammad Saadullah, N. Madhava Rau, and T.T. Krishnamachari.
Key Takeaway:
The Drafting Committee, established on August 29, 1947, under the chairmanship of Dr. B.R. Ambedkar, was solely responsible for preparing the Draft Constitution of India.