Consider the following statements:1. The Chairman of the Committee on Public Accounts is appointed by the Speaker of the Lok Sabha.2. The Committee on Public Accounts comprises Members of Lok Sabha, Members of Rajya Sabha and few eminent persons of industry and trade.Which of the statements given above is/are correct?
✓ Correct answer: a) 1 only
ExplanationThe Public Accounts Committee (PAC) was established in 1921, following its initial mention in the Government of India Act, 1919. The committee scrutinizes reports from the Comptroller and Auditor General (CAG) of India to identify irregularities or inefficiencies in government spending.It is reconstituted annually under Rule 308 of the Rules of Procedure and Conduct of Business in the Lok Sabha.Statement 1 is correct: Members of the Public Accounts Committee (PAC) are elected annually by Parliament through proportional representation using a single transferable vote, ensuring fair representation for all parties.The Speaker appoints the Chairman from among its members.Statement 2 is incorrect: The committee consists of 22 members-15 from Lok Sabha and 7 from the Rajya Sabha.Generally, the Chairman is appointed from the opposition party.It does not comprise any eminent personalities from industry and trade.192
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