Answer:
The correct answer is : A Prime Minister is elected as party leader in a parliamentary democracy.
Step-by-step explanation:
Prime minister is first chosen as the member of parliament and then elected by the other members of the parliamentary legislature in a parliamentary democracy.
Vice president is the leader of senate so first statement is not accurate. Speaker is the leader of the house of representatives. last statement is also false.
Thus, the correct answer is : A Prime Minister is elected as party leader in a parliamentary democracy.