The correct answer is: a) Audit reports.
The Public Accounts Committee (PAC) is a committee of the legislature that examines the accounts of the government. It is responsible for ensuring that the government has spent public money in a legal, efficient, and effective manner. The PAC does this by reviewing the annual audit report of the Comptroller and Auditor General of India (CAG). The CAG is an independent constitutional body that audits the accounts of the government. The PAC also examines the replies of the government to the CAG’s report. The PAC’s recommendations are binding on the government.
The PAC is a powerful committee that can play a significant role in ensuring accountability of the government. It is important that the PAC is composed of members who are independent and impartial. The PAC should also have the resources and expertise to carry out its work effectively.
The other options are incorrect because:
- Option b) Budget proposals are examined by the Finance Committee of the legislature.
- Option c) Government schemes are examined by the Public Undertakings Committee of the legislature.
- Option d) Tax legislation is examined by the Standing Committee on Finance of the legislature.