Official Answer Key & Detailed Solution
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Correct Answer: Option (B) — 2 and 3 only
Concept & Option Breakdown
Standard Reference VerifiedStatement 1 is incorrect: The Public Accounts Committee consists of 22 members (15 from the Lok Sabha and 7 from the Rajya Sabha), elected annually by proportional representation.
Statements 2 and 3 are correct: The PAC is tasked with examining the annual audit reports of the Comptroller and Auditor General (CAG) of India, which are laid before Parliament, including the appropriation accounts and finance accounts of the Government.
Knowledge of the basic composition of financial committees (PAC = 15 Lok Sabha + 7 Rajya Sabha) immediately invalidates Statement 1.
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