Step 1: Examination of statement (i).
Prorogation certainly puts an end to a session of the House, but it does not mean that the House cannot meet again. The same House can meet again in a new session after prorogation. Hence, statement (i) is incorrect.
Step 2: Examination of statement (ii).
Under Article 85 of the Constitution, the power to prorogue Parliament is vested in the President. However, the President exercises this power on the aid and advice of the Council of Ministers headed by the Prime Minister. Therefore, statement (ii) is correct.
Step 3: Examination of statement (iii).
A Bill pending in the House does not lapse on prorogation. Lapsing of Bills occurs only on the dissolution of the Lok Sabha, not on prorogation. Hence, statement (iii) is incorrect.
Step 4: Conclusion.
Since statements (i) and (iii) are incorrect and statement (ii) is correct, the correct answer is (D).