With reference to the financial committees of Parliament, consider the following statements: 1. The Public Accounts Committee examines the audit reports of the Comptroller and Auditor General of India. 2. The Estimates Committee consists of thirty members, all of whom are drawn exclusively from the Rajya Sabha.

💡 Solution & Explanation

Statement 1 is correct as the Public Accounts Committee scrutinizes the appropriation accounts and the audit reports of the Comptroller and Auditor General. Statement 2 is incorrect because all thirty members of the Estimates Committee are elected exclusively from the Lok Sabha, and the Rajya Sabha has no representation on this committee. The Chairman of the Public Accounts Committee is invariably appointed from the opposition by the Speaker of the Lok Sabha.