Which one of the following statements regarding Public Accounts Commit

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

It consists of fifteen members from Lok Sabha and seven members from Rajya Sabha
It consists of twenty members from Lok Sabha and ten members from Rajya Sabha
The term of members of Public Accounts Committee is five years
Finance Minister is the Chairperson of the Public Accounts Committee
This question was previously asked in
UPSC CAPF – 2020
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Statement A is correct: The Public Accounts Committee (PAC) consists of 22 members, out of which fifteen members are elected by the Lok Sabha from amongst its members, and seven members are elected by the Rajya Sabha from amongst its members, based on the principle of proportional representation by means of the single transferable vote.
The Public Accounts Committee is a parliamentary committee that scrutinizes the annual audit reports of the Comptroller and Auditor General (CAG) of India, primarily focusing on government expenditure.
The term of office of the members of the PAC is one year (not five years). By convention, the Chairperson of the PAC is appointed by the Speaker of the Lok Sabha from amongst its members, and usually, it is a member from the opposition party. The Finance Minister is not the Chairperson and cannot be a member of the committee.

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