Which one of the following statements about Public Accounts Committee

Which one of the following statements about Public Accounts Committee is correct?

The Committee consists of not more than 15 members from the Lok Sabha and 10 members from the Rajya Sabha.
The Finance Minister is an ex officio member of the Committee.
A member of the Committee is given a term for one year.
The term of the office of the members of the Committee from the Rajya Sabha is extended even when they retire from the Rajya Sabha.
This question was previously asked in
UPSC CAPF – 2021
The correct statement is that a member of the Public Accounts Committee is given a term for one year.
– The Public Accounts Committee (PAC) consists of 22 members, 15 from Lok Sabha and 7 from Rajya Sabha. Statement A is incorrect as it mentions 10 members from Rajya Sabha.
– The term of office for members of the PAC is one year. Members are elected annually from amongst the members of each House according to the principle of proportional representation by means of the single transferable vote. Statement C is correct.
– A Minister is not eligible to be elected as a member of the Committee. Therefore, the Finance Minister cannot be an ex officio member. Statement B is incorrect.
– Members from the Rajya Sabha cease to be members of the Committee if they retire from the Rajya Sabha during their term in the Committee. Statement D is incorrect.
The Chairman of the Committee is appointed by the Speaker of Lok Sabha. Since 1967, by convention, the Chairman is invariably from the opposition party. The Committee examines the annual audit reports of the Comptroller and Auditor General of India (CAG) relating to the accounts of the Union Government.
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