The Correct Answer is ​amending the Constitution.

• According to the provisions of Article 312, the Parliament can create a new all India service, if a resolution to that effect in the national interest is passed by the council of states (Rajya Sabha). Hence Rajya Sabha has more power over the creation of the new All India Service. Hence Option 1 is Not Correct.
• Article 75(3) of the Constitution states that the Council of Ministers shall be collectively responsible to the House of the People.
• Hence, in this regard, Lok Sabha has greater power as compared to Rajya Sabha. Hence Option 3 is Not Correct.
• Every Cut Motion to a demand for Grant represents disapproval of some aspect or other of the Budget or the economic policy of the Government. 
• The Rajya Sabha can only make recommendations with regards to the cut motion. Hence Statement 4 is Also Not Correct.

• Article 368 of the Indian Constitution empowers the Parliament to amend the constitution by way of addition, variation or repeal any provision of this Constitution in accordance with the procedure laid down in article 368.
• A bill to amend the Constitution can be introduced in either house of the Parliament and both the houses have equal powers in respect to the Constitutional Amendment Bill. Hence Option 2 is Correct.