Question

The Public Accounts Committee submits its reports to _____
A. The comptroller and Auditor General
B. The speaker of the Lok Sabha
C. The Minister of Parliament Affairs
D. The President of India

Answer 1

Hint: The Public Accounts Committee was formed after its first reference in the Government of India Act, also known as Montagu-Chelmsford Reforms in the British rule. Since then, it has been in the Indian Constitution. Reports were a form of communication about information which has been compiled due to research and analysis of any data or issues. Reports are being used as a mode of communication in the government.

Complete answer:
We will discuss the Public Accounts Committee. The Comptroller and Auditor General (CAG) of India makes the audit of government companies in which the Government has an equity share of at least fifty one per cent or subsidiary companies of existing government companies. These papers/reports are approved by the Public Accounts Committee (PAC), which is the Finance Committee, a form of Standing Committee .It is one of the parliamentary committees which reviews the annual CAG audit reports submitted by the President to the Parliament of India. It’s primary function is to analyze the audit of CAG and submit its report to the Indian Parliament as and when needed.
The speaker of Lok Sabha is the authority to name the chairman of the committee. The three findings received by CAG are as follows- Audit Report on appropriation, Audit report on finance accounts, Audit report on public undertakings.
The Comptroller and Auditor General (CAG) of India is required to send three annual audit reports to the President after approval by the Public Accounts Committee and Committees on Public understandings , who shall submit them to each House of the Indian Parliament.
So, the correct answer is option B.

Note: The Public Accounts Committee will be able to view public spending.The public spending is investigated from a legal and formal point of view in order to identify technological anomalies and a fiscal, cautious, wise and proprietary point of view.