With reference to the Parliamentary Committees in India, consider the following statements:

1. The Public Accounts Committee examines the report of the Comptroller and Auditor General (CAG).
2. The Estimates Committee consists only of members from the Lok Sabha.
3. The Chairman of the Public Accounts Committee is appointed from the ruling party.

Which of the statements given above is/are correct?

Key Fact(s)

Parliamentary Committees ensure detailed scrutiny of legislative and financial matters beyond the capacity of the full House. The Public Accounts Committee examines reports of the Comptroller and Auditor General of India and ensures that public money is spent as authorized. The Estimates Committee suggests economies and improvements in public expenditure and consists exclusively of Lok Sabha members. The Committee on Public Undertakings reviews the functioning of public sector enterprises. These committees reflect the principle of executive accountability to the legislature and strengthen parliamentary control over finances.