IAS General Studies Prelims Question No. 56

Consider the following statements in context with Public Accounts Committee:
1. The members are from both Lok Sabha and Rajya Sabha
2. Only a Lok Sabha member can become chairman of Public Accounts Committee
3. Public Accounts Committee members are elected every year
Which among the above statements is/ are correct?
[A] Only 1
[B] Only 1 & 2
[C] Only 1 & 3
[D] 1, 2 & 3
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[D] 1, 2 & 3
 Public Accounts Committee is composed of a maximum of 22 members. 15 from Lok Sabha and 7 from Rajya Sabha. Public account committee examine the report of CAG submitted to President of India.