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What is the primary purpose of the Public Accounts Committee (PAC) in India?
  • a)
    To conduct financial audits for private companies
  • b)
    To review and oversee the government's spending
  • c)
    To investigate international crimes across borders
  • d)
    To regulate banking institutions
Correct answer is option 'B'. Can you explain this answer?
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What is the primary purpose of the Public Accounts Committee (PAC) in...
The primary purpose of the Public Accounts Committee (PAC) in India is to review and oversee the government's spending. It is responsible for examining the money coming in and going out of the Government of India, especially focusing on spending bills and ensuring that the money allocated by Parliament is spent appropriately. The PAC plays a crucial role in scrutinizing the government's financial accounts and ensuring transparency and accountability in financial matters related to the government's expenditures.
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What is the primary purpose of the Public Accounts Committee (PAC) in India?a)To conduct financial audits for private companiesb)To review and oversee the government's spendingc)To investigate international crimes across bordersd)To regulate banking institutionsCorrect answer is option 'B'. Can you explain this answer?
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