Question

Which of the following are the functions of the Public Accounts Committee of Parliament?
1. To examine, in the light of CAG's report, the accounts showing the appropriation of sums granted by the Parliament.
2. To examine, in the light of CAG's report, the statement of accounts of state corporations, trading and manufacturing projects except of those as are allotted to the committee on public undertakings.
3. To examine the statement of accounts of autonomous and semi-autonomous bodies, the audit of which is conducted by the CAG.
4. To examine if any money has been spent on any service during a financial year in excess of the amount granted by house of people for that purpose.
Select the correct answer using the code given below:

• A. 1, 2 and 4
• B. 1, 2 and 3
• C. 1, 3 and 4
• D. 1, 2, 3 and 4

Answer 1

The correct option is D 1, 2, 3 and 4

Public Accounts Committee is the oldest financial committee. It consists of 22 members [15 members of Lok Sabha + 7 members of Rajya Sabha]. As a matter of practice, a member of the opposition is being appointed as the Chairman of the Committee. It has the foll functions:

1. To examine, in the light of CAG's report, the accounts showing the appropriation of sums granted by the Parliament.

2. To examine, in the light of CAG's report, the statement of accounts of state corporations, trading and manufacturing projects except of those as are allotted to the committee on public undertakings.

3. To examine the statement of accounts of autonomous and semi-autonomous bodies, the audit of which is conducted by the CAG.

4. To examine if any money has been spent on any service during a financial year in excess of the amount granted by house of people for that purpose.