What are the basic, functions of Public Accounts Committee

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What are the basic, functions of Public Accounts Committee (PAC)?

1. to examine the statement of accounts showing the income and expenditure of state corporations, trading and manufacturing schemes and projects.
2. to examine the accounts of stores and stocks
3. to examine the statement of accounts of autonomous bodies
4. All the above

Correct Option: A

The Public Accounts Committee scrutinises appropriation and finance accounts of Government and reports of the Comptroller and Auditor General . It ensures that public money is spent in accordance with Parliament’s decision and calls attention to cases of waste, extravagance, loss or nugatory expenditure.