Which one of the following statements about the Public Accounts Commit

Which one of the following statements about the Public Accounts Committee (PAC) of the Parliament is not correct?

It examines the Finance Accounts of the Government of India.
Fifteen members of the Committee are elected by the Lok Sabha from amongst its members.
The Chairperson of the Committee is elected by its members.
In case a member of any other Committee constituted by the Government is elected to the PAC, the Speaker of the Lok Sabha decides whether he should continue to be a member of the former Committee.
This question was previously asked in
UPSC CDS-2 – 2022
The Chairperson of the Public Accounts Committee (PAC) is appointed by the Speaker of the Lok Sabha, not elected by its members. By convention since 1967, the Chairperson of the PAC is appointed from the opposition party.
The PAC consists of 22 members, 15 elected by the Lok Sabha and 7 elected by the Rajya Sabha from amongst their members, by means of proportional representation by means of single transferable vote.
Statement A is correct; the PAC examines the annual audit reports of the Comptroller and Auditor General (CAG) relating to the accounts of the Government of India, including appropriation accounts and finance accounts. Statement B is correct, reflecting the composition from Lok Sabha. Statement D is correct; the Speaker of the Lok Sabha has the authority to decide on conflicts regarding membership in committees constituted by the government.