Question
Consider the following statements in regards to the
Public Accounts Committee: I) Every member of Parliament elected serves on the committee for a year. II) The total strength of the Public Accounts Committee is 30 members. III) The head of the committee has been chosen from the opposition since 1967. Which of the following statements is/are incorrect?Solution
Members of the Public Accounts Committee serve for the following terms: Every member of Parliament elected in both the Lok Sabha and the Rajya Sabha serves on the committee for a year. After a year, a new election is held, and members are either replaced or re-elected. The total strength of the Public Accounts Committee is 22 members, which is 15 from the Lok Sabha and 7 from the Rajya Sabha. The members’ terms of office are one year. The Speaker of the Lok Sabha appoints the Chairman. The head of the committee has been chosen from the opposition since 1967. Its primary purpose is to review the audit report of the Comptroller and Auditor General (CAG) once it has been brought before Parliament.
What initiative was launched by SIDBI in 2018 to track the current state and expected outlook on the MSME sector?
Which is the process of converting the organizational structure of the stock exchange from a non-corporate to a corporate structure?
As per Section 47 of the Companies Act, 2013, every member of a company limited by shares and holding equity share capital therein, shall ha...
Which of the following is correct regarding Strategic Risk?
             i.       A Risk arising from adverse business deci...
Changes in Inventories of finished goods, work-in-progress and stock-in-trade will be calculated by which of the following?
Who regulates AIFs in India?
Which theory of motivation assumes that workers can exercise self-direction and self-control, and that imagination, ingenuity, and creativity are widesp...
Under which scheme can Micro and Small Enterprises (MSEs) avail collateral-free credit with government-backed guarantees for loans up to ₹5 crore?
What is the role of Open Market Operations (OMO) by RBI?
Which of the following is a tool that MSMEs will implement under the LEAN Manufacturing Competitiveness Scheme?