Which of the following are Financial Committee of Parliament in India ? (I) Public Accounts Committee (II) Estimates Committee (III) Committee on Public Undertakings

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Q: (SSC/0)

Which of the following are Financial Committee of Parliament in India ? (I) Public Accounts Committee (II) Estimates Committee (III) Committee on Public Undertakings

question_subject: 

Polity

question_exam: 

SSC

stats: 

0,28,9,4,5,0,28

keywords: 

{'financial committee': [1, 0, 0, 0], 'public accounts committee': [5, 0, 2, 2], 'estimates committee': [1, 0, 1, 0], 'committee': [0, 0, 0, 1], 'parliament': [15, 1, 3, 8], 'public undertakings': [8, 0, 4, 4], 'india': [8, 1, 7, 13]}

The correct answer is option 4: I, II, & III.

In India, the Financial Committee of Parliament consists of three committees:

1) Public Accounts Committee (PAC): This committee examines the audit reports of the Comptroller and Auditor General (CAG) of India and oversees the financial performance of the government.

2) Estimates Committee: This committee examines the estimates of the government`s revenue and expenditure and suggests changes if needed. It ensures that the funds allocated by Parliament are utilized effectively.

3) Committee on Public Undertakings: This committee examines the functioning and financial management of public sector enterprises. It ensures transparency and accountability in their operations.

Therefore, all three committees - PAC, Estimates Committee, and Committee on Public Undertakings - are Finance Committees of Parliament in India.