Consider the following statements:

1. The Chairman of the Committee on public Accounts is appointed by the Speaker of the Lok Sabha.
2. The Committee on Public Accounts comprises Members of Lok Sabha, Members of Rajya Sabha and a few eminent persons of industry and trade.

Which of the statements given above is/are correct?

1. 1 only
2. 2 only
3. Both 1 and 2
4. Neither 1 nor 2

Explanation

Statement 1 is correct

• The Chairman of the Public Accounts Committee (PAC) is appointed by the Speaker of the Lok Sabha, a role often given to an opposition member for impartial oversight.

Statement 2 is incorrect

• The PAC is composed solely of MPs: 15 from the Lok Sabha (nominated by the Speaker) and 7 from the Rajya Sabha (nominated by its Chairman). No external members from industry or trade are included.

Answer: (a) 1 only