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Consider the following statements about Public Accounts Committee
Select the correct statement.
1&2 only
2&3 only
1&3 only
All of the above
Only statements 1&2 are correct.
The Committee on Public Accounts was first set up in 1921 in the wake of the Montague-Chelmsford Reforms.
The PAC is formed every year with a strength of not more than 22 members of which 15 are from Lok Sabha and 7 from Rajya Sabha.
The term of office of the members is one year.
The Chairman is appointed by the Speaker of Lok Sabha. Since 1967, the chairman of the committee is selected from the opposition.
Its chief function is to examine the audit report of Comptroller and Auditor General (CAG) after it is laid in the Parliament.
Hence option 1st is correct.
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