खालीलपैकी कोणते विधान बरोबर नाही ?

The correct answer is Option D (The Chairman of the Estimate Committee is appointed by the Speaker and he is invariably from the opposition party.).

Key Points:
• Estimates Committee & Financial Committees:
• Three Financial Committees: PAC, Estimates Committee, and Committee on Public Undertakings (COPU). (Option 1 is correct).
• Genesis: Post-independence, the Estimates Committee was created in April 1950 on the recommendation of Finance Minister John Mathai. (Option 2 is correct).
• Composition: Originally 25 members, increased to 30 members in 1956, all drawn exclusively from the Lok Sabha. (Option 3 is correct).
• Chairman Convention: The Chairman of the Estimates Committee is appointed by the Speaker from among its members, and by unbroken convention, the Chairman is invariably from the RULING PARTY, not the opposition party. (By contrast, the PAC Chairman is by convention drawn from the opposition since 1967). Therefore, Option 4 is incorrect.
• Key Takeaway: The Chairman of the Estimates Committee is appointed by the Speaker from the ruling party, not the opposition.