Explanation:

An electoral college consisting of members of Parliament

There is no direct election for the Vice-President of India however, he/she is indirectly elected by an Electoral College. The election process is quite similar to that of the President of India but the electoral college that elects President is different from the electoral college responsible for the election of Vice-President of India.

The difference between the electoral college that elects President and the one electing Vice-President of India is given below:

In electoral college for Vice President, both elected and nominated members of both the Houses of Parliament take part. In presidential elections, nominated members are not a part of the electoral college.
For Vice President’s elections, states have no role to play unlike in President’s elections where state legislative assemblies’ elected members are a part of the electoral college.