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The functions of the public accounts committee are
1. To examine the appropriation accounts and financial accounts of the union government
2. To examine the accounts of state corporations
Which of these statements is/are correct?
  • a)
    1 Only
  • b)
    2 Only
  • c)
    Both of them
  • d)
    None of them
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
The functions of the public accounts committee are1. To examine the a...
Functions -
1. To examine the appropriation accounts and the financial accounts of the Union government and any other accounts laid before the Lok Sabha.
2. The appropriation accounts compare the actual expenditure with the expenditure sanctioned by the Parliament through the Appropriation Act, while the finance accounts show the annual receipts and disbursements of the Union Government.
3. In scrutinizing the appropriation accounts and the audit report of CAG on it, the committee has to satisfy itself that - (a) the money that has been disbursed was legally available for the applied service or purpose; (b) the expenditure conforms to the authority that governs it, and (c) every re-appropriation has been made in accordance with the related rules.
4. To examine the accounts of state corporations, trading concerns and manufacturing projects and the audit report of CAG on them (except public undertakings).
5. To examine the accounts of autonomous and semi-autonomous bodies, the audit of which is conducted by the CAG.
6. To consider the report of the CAG relating to the audit of any receipt or to examine the accounts of stores and stocks.
7. To examine the money spent on any service during a financial year in excess of the amount granted by the Lok Sabha for that purpose. In the fulfilment of the above functions, the committee is assisted by the CAG.
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The functions of the public accounts committee are1. To examine the appropriation accounts and financial accounts of the union government2. To examine the accounts of state corporationsWhich of these statements is/are correct?a) 1 Onlyb) 2 Onlyc) Both of themd) None of themCorrect answer is option 'C'. Can you explain this answer?
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