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Option 3 : 1 and 2 only

The correct answer is 1 and 2 only.

Public Accounts Committee:

  • Public Accounts Committee was founded in 1921 under the provisions of the Government of India Act of 1919. Hence, statement 1 is correct.
  • Currently, it has 22 members, out of which 15 are from Lok Sabha and the other 7 members are from Rajya Sabha.
  • The Chairman of the committee until 1966-67 belonged to the ruling party. However, a convention has developed since 1967 whereby the Chairman of the committee is elected from the opposition. Hence, statement 2 is correct.
  • The tenure of its chairman and members is one year. Hence, statement 3 is incorrect.

  • The Committee on Public Accounts is the oldest Parliamentary Committee.
  • The Speaker is empowered to appoint the Chairman of the Committee from amongst its Members.
  • The Committee on Public Accounts scrutinizes the Appropriation Accounts of the Government of India and the reports of the Comptroller and Auditor General of India thereon. While doing so,  it is the duty of the Committee to satisfy itself-
    • that the money shown in the accounts as having been disbursed were legally available for, and applicable to, the service or purpose to which have been applied or charged.
    • that the expenditure conforms to the authority which governs it.
    • that every re-appropriation has been made in accordance with the provisions made on this behalf under rules framed by the competent authority.