Consider the following statements regarding the Parliamentary Committee on Public Accounts:
1. It consists of not more than members of the Lok Sabha.
2. It examines public expenditure not only from a legal and formal point of view to discover technical irregularities but also from the point of view of economy, prudence, wisdom, and propriety.
3. It examines the report of the Comptroller and Auditor General of India.
Which of the statements given above is/are correct?
- A1 only
- B2 and 3 only
- C3 only
- D1, 2 and 3
Solution & Step-by-step Explanation
Let's analyze the statements:
1. Statement 1 is incorrect: The Public Accounts Committee (PAC) consists of a total of members, out of which are elected from the Lok Sabha and from the Rajya Sabha.
2. Statement 2 is correct: The committee performs comprehensive auditing functions, examining financial wisdom, propriety, and checking for waste or structural leakage beyond basic formal legality.
3. Statement 3 is correct: The primary working basis of the PAC is to dissect and examine the audit reports submitted by the Comptroller and Auditor General (CAG) of India.
Thus, statements 2 and 3 are correct.
1. Statement 1 is incorrect: The Public Accounts Committee (PAC) consists of a total of members, out of which are elected from the Lok Sabha and from the Rajya Sabha.
2. Statement 2 is correct: The committee performs comprehensive auditing functions, examining financial wisdom, propriety, and checking for waste or structural leakage beyond basic formal legality.
3. Statement 3 is correct: The primary working basis of the PAC is to dissect and examine the audit reports submitted by the Comptroller and Auditor General (CAG) of India.
Thus, statements 2 and 3 are correct.