False

The Parliament of India is the supreme legislative body of the country. It consists of two houses - the Lok Sabha (House of the People) and the Rajya Sabha (Council of States). Hence, the statement that the Parliament consists only of Lok Sabha is false.

Lok Sabha:
- The Lok Sabha is the lower house of the Parliament.
- It represents the people of India and consists of Members of Parliament (MPs) who are elected by the citizens through direct elections.
- The Lok Sabha has a maximum strength of 552 members, of which 530 members are elected from the states and 20 members from the Union territories.
- The Lok Sabha is responsible for making laws, discussing and debating important issues, and representing the interests of the people.

Rajya Sabha:
- The Rajya Sabha is the upper house of the Parliament.
- It represents the states and union territories of India.
- The Rajya Sabha consists of a maximum of 250 members, of which 238 members are elected by the members of the State Legislative Assemblies and Union territories' Legislative Assemblies.
- The remaining 12 members are nominated by the President of India with expertise in various fields such as literature, science, arts, and social services.
- The Rajya Sabha plays a crucial role in the legislative process by reviewing and amending bills passed by the Lok Sabha, providing a platform for discussing important national issues, and representing the interests of the states.

Functions of Parliament:
- The Parliament is responsible for making laws and legislation for the country.
- It discusses and debates important issues concerning the nation and its citizens.
- The Parliament exercises control over the executive branch of the government through various mechanisms such as question hour, zero hour, and debates.
- It provides a platform for representatives to raise concerns and issues related to their constituencies and the nation as a whole.
- The Parliament plays a significant role in the budgetary process by scrutinizing and approving the annual budget presented by the government.
- It also has the power to impeach the President, Vice President, and judges of the Supreme Court and High Courts in case of any misconduct or violation of the Constitution.

In conclusion, the Parliament of India consists of both the Lok Sabha and the Rajya Sabha. Both houses have distinct roles and functions in the legislative process and play a vital role in the functioning of India's democracy.