Which one of the following statements about Public Accounts Committee is correct?
1
The Committee consists of not more than 15 members from the Lok Sabha and 10 members from the Rajya Sabha.
2
The Finance Minister is an ex officio member of the Committee.
3
A member of the Committee is given a term for one year.
4
The term of the office of the members of the Committee from the Rajya Sabha is extended even when they retire from the Rajya Sabha.