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Correct Answer: B. Lok Sabha, Rajya Sabha, and President
Explanation: The Indian Parliament is a bicameral legislature that serves as the supreme legislative body of the Republic of India. According to Article 79 of the Constitution, it is composed of three distinct components: the President of India, the Rajya Sabha (Council of States), and the Lok Sabha (House of the People). While the President is not a member of either House, they are an integral part of the Parliament because no bill can become law without their formal assent. The Rajya Sabha represents the states and union territories as the upper house, whereas the Lok Sabha represents the people of India as the lower house. Therefore, the Parliament is not merely the two houses of legislature, but the combination of both houses along with the President.

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