The correct answer to this question is option 3: Public Accounts Committee. The Public Accounts Committee (PAC) is a Parliamentary Committee that examines the audit report of the Comptroller and Auditor General of India (CAG). The CAG is responsible for auditing the accounts of the central and state governments and submits its report to the President or Governor, who then sends it to the Public Accounts Committee for scrutiny. The PAC reviews the findings and observations made by the CAG and holds discussions with government officials to ensure that public funds are spent efficiently and effectively. The PAC plays a crucial role in ensuring transparency and accountability in the financial management of the government and its various departments.