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Which of the following is true?
A. The Chairman and the Deputy Chairman, both are not members of Rajya Sabha
B. In the election of president, nominated members of the State Legislative Assembly do not take part in election of vice president they take part
C. In the 1992 election of President of India, the members of Union Territories participated for the first time.
D. India follows the British convention that the Finance Minister should be a member of the Lower house.

Answer
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Hint: Parliament is the highest law-making body in India. The Indian Parliament involves the President and the two Houses - Rajya Sabha (Council of States) and Lok Sabha (House of the People). The President has the ability to summon and prorogue either House of Parliament. He can also disintegrate Lok Sabha. The first general elections after the adoption of the new Constitution were held during the year 1951-52. The first elected members of Parliament had their session in April 1952.

Complete answer:
Only the elected individuals from the two Houses of Parliament and the State Legislative Assemblies are part of the Electoral College for the Presidential Election. Hence, nominated individuals cannot cast a ballot in this political decision.
 The Election Commission of India held the tenth official election of President of India on 16 July 1992. Shankar Dayal Sharma with 675,864 votes prevailed upon his closest adversary George Gilbert Swell.
This political event saw numerous applicants seeking the administration. The main two competitors were Shankar Dayal Sharma, set forth by Indian National Congress, and George Gilbert Swell, an individual from Rajya Sabha, from Meghalaya, as the Independent applicant upheld by the BJP and National Front. Among the numerous firsts of this specific political election, the union territories participated without precedent for the appointment of the President.

Thus, option (C) is correct.

Note: The Rajya Sabha should comprise of not more than 250 individuals - 238 individuals speaking to the States and Union Territories, and 12 individuals selected by the President. Rajya Sabha is a lasting body and isn't dependent upon disintegration. The Vice President of India is the ex-officio Chairman of Rajya Sabha. The House likewise chooses a Deputy Chairman from among its individuals.