Official Answer Key & Detailed Solution
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Correct Answer: Option (A) — 1 only
Concept & Option Breakdown
Standard Reference VerifiedStatement 1 is correct: The Chairman of the Public Accounts Committee is appointed by the Speaker of the Lok Sabha from amongst its members. By convention since 1967, the Chairman is selected from the Opposition.
Statement 2 is incorrect: The PAC consists exclusively of 22 Members of Parliament (15 from Lok Sabha and 7 from Rajya Sabha). No outside experts or persons from industry and trade are appointed as members.
Parliamentary committees consist only of Members of Parliament; outside private persons cannot be formal committee members.
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