Q. With reference to Speaker, consider the following statements:
1. The speaker once elected is not eligible for re-election.
2. Speaker is the final interpreter of the Rules of Procedure and Conduct of Business of Lok Sabha and the parliamentary precedents, within the House.
Which of the statements given above is/are correct?
Statement 1 is incorrect: The Speaker holds Office from the date of his/her election till immediately before the first meeting of the next Lok Sabha (for 5 years). The speaker once elected is eligible for re-election.
Statement 2 is correct: He/She is the final interpreter of the provisions of the Constitution of India, the Rules of Procedure and Conduct of Business of Lok Sabha and the parliamentary precedents, within the House. In matters regarding interpretation of these provisions, he/she often gives rulings which are respected by members and are binding in nature.
Source: The Hindu

