Q. Which of the statements regarding parliamentary committees in finance is/are incorrect?
Select the correct answer using the code given below:
Q. Which of the statements regarding parliamentary committees in finance is/are incorrect?
Select the correct answer using the code given below:
The correct option is D 1, 2 and 3
Explanation:
Statement 1 is incorrect: the Public Accounts Committee was introduced in 1921 after its first mention in the Government of India Act, 1919 also called the Montford Reforms. It has existed in the Indian Constitution since then. know in detail about the Montague Chelmsford reforms on the given link.
PAC is one of the parliamentary committees that examine the annual audit reports of CAG which the President lays before the Parliament of India.
Those three reports submitted by CAG are:
- Audit report on appropriation accounts
- Audit report on finance accounts
- Audit report on public undertakings
The Public Accounts Committee examines public expenditure. That public expenditure is not only examined from a legal and formal point of view to discover technical irregularities but also from the point of view of the economy, prudence, wisdom, and propriety. The sole purpose to do this is to bring out cases of waste, loss, corruption, extravagance, inefficiency, and nugatory expenses.
Statement 2 is incorrect: The Estimates Committee is the largest committee of selected members of parliament, constituted by the Parliament of India (the Lok Sabha), for the purpose of scrutinising the functioning of government ministries and departments in terms of expenditure and utilisation of funds. It also suggests alternative policies in order to bring about efficiency and economy in administration.
The Committee on Estimates consists of 30 members—all from Lok Sabha who are elected by Lok Sabha every year from amongst its members according to the principle of proportional representation by means of a single transferable vote.
Statement 3 is correct:
- Introduced in 1964, the Committee on Public Undertakings is a type of Financial Committee that came into existence on the recommendations of the Krishna Menon Committee. It is one of the Parliamentary Committees (Standing Committee) in the Indian Constitution which was introduced to expand parliamentary control over the PSUs.
- Chairman is appointed by the speaker amongst Lok sabha members.
Explanation:
Statement 1 is incorrect: the Public Accounts Committee was introduced in 1921 after its first mention in the Government of India Act, 1919 also called the Montford Reforms. It has existed in the Indian Constitution since then. know in detail about the Montague Chelmsford reforms on the given link.
PAC is one of the parliamentary committees that examine the annual audit reports of CAG which the President lays before the Parliament of India.
Those three reports submitted by CAG are:
- Audit report on appropriation accounts
- Audit report on finance accounts
- Audit report on public undertakings
The Public Accounts Committee examines public expenditure. That public expenditure is not only examined from a legal and formal point of view to discover technical irregularities but also from the point of view of the economy, prudence, wisdom, and propriety. The sole purpose to do this is to bring out cases of waste, loss, corruption, extravagance, inefficiency, and nugatory expenses.
Statement 2 is incorrect: The Estimates Committee is the largest committee of selected members of parliament, constituted by the Parliament of India (the Lok Sabha), for the purpose of scrutinising the functioning of government ministries and departments in terms of expenditure and utilisation of funds. It also suggests alternative policies in order to bring about efficiency and economy in administration.
The Committee on Estimates consists of 30 members—all from Lok Sabha who are elected by Lok Sabha every year from amongst its members according to the principle of proportional representation by means of a single transferable vote.
Statement 3 is correct:
- Introduced in 1964, the Committee on Public Undertakings is a type of Financial Committee that came into existence on the recommendations of the Krishna Menon Committee. It is one of the Parliamentary Committees (Standing Committee) in the Indian Constitution which was introduced to expand parliamentary control over the PSUs.
- Chairman is appointed by the speaker amongst Lok sabha members.
