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Public Accounts Committee [PAC] is a Parliamentary Standing Committee. This Financial Committee consists of not more than 22 members comprising 15 members elected by Lok Sabha every year from amongst its members according to the principle of proportional representation by means of single transferable vote and not more than 7 members of Rajya Sabha elected by that House in like manner are associated with the Committee. The Chairman is appointed by the Speaker from amongst its members of Lok Sabha. By convention, a Lok Sabha member from a major Opposition party is appointed as its Chairman. A Minister is not eligible to be elected as a member of the Committee. If a member, after his election to the Committee is appointed a Minister, he ceases to be a member of the Committee from the date of such appointment. PAC is assisted by Comptroller and Auditor General of India. It ensures that public money is spent in accordance with Parliament's decisions and calls attention to wastes, extravagance, loss or nugatory expenditure.

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Q: What is Public Accounts Committee of Indian Parliament?
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