Which committee of Parliament is concerned with the regularity and economy in government expenditure?a)Public Accounts Committeeb)Estimates Committeec)Committee on Public Undertakingsd)All of the aboveCorrect answer is option 'A'. Can you explain this answer?

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Which committee of Parliament is concerned with the regularity and economy in government expenditure?

a)
Public Accounts Committee
b)
Estimates Committee
c)
Committee on Public Undertakings
d)
All of the above

Correct answer is option 'A'. Can you explain this answer?

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Which committee of Parliament is concerned with the regularity and eco...

Answer:

The correct answer is option 'A' - Public Accounts Committee.

The Public Accounts Committee (PAC) is a committee of Parliament in India that is concerned with the regularity and economy in government expenditure. It is one of the oldest and most important committees of the Parliament and plays a crucial role in ensuring transparency and accountability in the financial matters of the government.

Role and Functions of the Public Accounts Committee:

1. Examining Audit Reports: The PAC examines the Audit Reports of the Comptroller and Auditor General (CAG) of India, which highlight instances of financial irregularities, wasteful expenditure, and non-compliance with rules and regulations.

2. Scrutinizing Government Expenditure: The PAC scrutinizes the expenditure of the government and ensures that it is in line with the approved budgetary provisions. It examines the accounts showing the appropriation of sums granted by Parliament and suggests measures to improve the economy and efficiency in government expenditure.

3. Reviewing Performance Audit: The PAC also reviews the Performance Audit Reports of the CAG, which assess the efficiency and effectiveness of government programs and schemes. It examines whether the objectives of these programs are being achieved and if there is any scope for improvement.

4. Summoning Witnesses: The PAC has the power to summon witnesses and examine them under oath. It can call government officials, ministers, and other stakeholders to provide evidence and explanations regarding the financial matters under scrutiny.

5. Reporting to Parliament: After examining the Audit Reports and conducting its inquiries, the PAC presents its findings and recommendations to Parliament. These reports are then discussed and debated in the Parliament, which helps in ensuring accountability and transparency in government expenditure.

Overall, the Public Accounts Committee plays a crucial role in ensuring regularity and economy in government expenditure. It acts as a watchdog and holds the government accountable for its financial decisions and actions. By examining audit reports, scrutinizing government expenditure, and reviewing performance audits, the PAC contributes to the efficient and effective use of public funds.

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Which committee of Parliament is concerned with the regularity and economy in government expenditure?a)Public Accounts Committeeb)Estimates Committeec)Committee on Public Undertakingsd)All of the aboveCorrect answer is option 'A'. Can you explain this answer?

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