Consider the following statements: 1. The Chairman of the Committee on Public Accounts is appointed by the Speaker of the Lok Sabha. 2. The Committee on Public Accounts comprises Members of Lok Sabha, Members of Rajya Sabha and a few eminent persons of industry and trade. Which of the statements given above is/are correct?

Statement 1 is correct and Statement 2 is incorrect. Parliamentary committees are constituted from members of the two Houses: members of the Lok Sabha are nominated by the Speaker and Rajya Sabha members by the Chairman, which is the normal mode of constituting such committees [1]. Several Lok Sabha committees also have the Speaker as their ex‑officio chair, showing the Speaker’s role in appointing or presiding over key committees [2]. The Public Accounts Committee is a parliamentary financial committee composed only of members of Lok Sabha and Rajya Sabha (no external ‘eminent persons of industry and trade’ are included), so statement 2 is wrong.

Sources

1. [1] Indian Polity, M. Laxmikanth(7th ed.) > Chapter 24: Parliamentary Committees > DEPARTMENT-RELATED STANDING COMMITTEES > p. 274
2. [2] Indian Polity, M. Laxmikanth(7th ed.) > Chapter 24: Parliamentary Committees > Rules Committee > p. 279