- The Public Accounts Committee (PAC) consists of 22 members, 15 from Lok Sabha and 7 from Rajya Sabha. Statement A is incorrect as it mentions 10 members from Rajya Sabha. - The term of office for members of the PAC is one year. Members are elected annually from amongst the members of each House according to the principle of proportional representation by means of the single transferable vote. Statement C is correct. - A Minister is not eligible to be elected as a member of the Committee. Therefore, the Finance Minister cannot be an ex officio member. Statement B is incorrect. - Members from the Rajya Sabha cease to be members of the Committee if they retire from the Rajya Sabha during their term in the Committee. Statement D is incorrect.