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

The Public Accounts Committee (PAC) is a crucial financial committee of the Indian Parliament. Its primary function is to examine the Appropriation Accounts and the Finance Accounts of the Union government, along with the audit reports submitted by the Comptroller and Auditor General (CAG) [2]. The committee consists of 22 members, with 15 members elected by the Lok Sabha and 7 by the Rajya Sabha through proportional representation . Statement 3 is incorrect because the Chairperson of the PAC is not elected by its members; instead, the Chairperson is appointed by the Speaker of the Lok Sabha from amongst its members. Since 1967, a convention has developed where the Chairperson is selected from the Opposition. Regarding statement 4, the Speaker holds the authority to decide on membership conflicts when a member of a government-constituted committee is elected to the PAC to ensure independence and avoid conflicts of interest.

Sources

1. [1] Indian Polity, M. Laxmikanth(7th ed.) > Chapter 24: Parliamentary Committees > Pa rlia menta ry Committees > p. 272
2. [2] Laxmikanth, M. Indian Polity. 7th ed., McGraw Hill. > Chapter 24: Parliamentary Committees > Pa rlia menta ry Committees > p. 272