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Which of the following statement is correct about "Comptroller and auditor General"? 1) CAG is responsible to audit all receipts and expenditure of Government of India only. 2) The reports of the CAG are taken into consideration by the PAC( Public accounts committee) and (COPUs) Committees on public undertakings.

Which of the following statement is correct about "Comptroller and auditor General"? 1) CAG is responsible to audit all receipts and expenditure of Government of India only. 2) The reports of the CAG are taken into consideration by the PAC( Public accounts committee) and (COPUs) Committees on public undertakings. Correct Answer Only 2

The correct answer is Only 2.

  • CAG is a constitutional body mentioned under article 148 of the Indian constitution.
  • CAG is responsible to audit all the receipts and expenditures of the government of India and the state government.
  • CAG is also the external auditor of government-owned corporations.
  • It enjoys the same status as a judge of the Supreme court of India.
  • G.C Murmu is the current CAG of India.
  • The terms length of CAG is 6 years or up to 65 years of age.
  • He is appointed by the president of India followed by the recommendations of the PM.
  • The function of CAG includes the audit of government companies as per the provisions of the companies act, 2013.
  • It also audits the grants and loans given by the government to bodies and authorities for a specific purpose.

Related Questions

In India, other than ensuring that public funds are used efficiently and for their intended purpose, what is the importance of the office of the Comptroller and Auditor General (CAG)? 1. CAG exercises exchequer control on behalf of the Parliament when the President of India declares a national emergency/financial emergency. 2. CAG reports on the execution of projects or programs by the ministers are discussed by the Public Accounts Committee. 3. Information from CAG reports can be used by investigating agencies to press charges against those who have violated the law while managing public finances. 4. While dealing with the audit and accounting of government companies, CAG has certain judicial powers for prosecuting those who violate the law. Which of the statements given above is/are correct?              
Consider the following statements about the Comptroller and Auditor General of India. 1. The office of the Comptroller and Auditor General in the Constitution of India is substantially modeled upon that of the Auditor-General of India Act, 1935. 2. The Comptroller and Auditor General may be removed only on an address from both Houses of Parliament on the grounds of 'proved misbehavior' or 'incapacity'. 3. The term of office of the Comptroller and Auditor General shall be five years from the date on which he assumes office. Which of the statements given above is/are correct?
Consider the following statements : (i) It shall be the duty of the Comptroller it all and Auditor-General to audit all receipts which are payable into the Consolidated Fund of India. (ii) The Comptroller and Auditor General shall have authority to audit and report on the accounts of stores or stock kept in any office or department of the Union or a state. Choose the correct option :
Which of the following statements relating to the Comptroller and Auditor General (CAG) of India is/are correct? 1. The CAG can attend the sittings of the Committee on Public Accounts. 2. The CAG can attend the sittings of Lok Sabha and Rajya Sabha. 3. The jurisdiction of CAG is co-extensive with the powers of the Union Government. Select the correct answer using the code given below:
Which of the following statements about Comptroller and Auditor General of India (CAG) are correct? 1. The CAG will hold office for a period of six years from the date he assumes the office. He shall vacate office on attaining the age of 65 years, if earlier than the expiry of the 6-year term. 2. The powers of CAG are derived from the Constitution of India. 3. The CAG is a multi-member body appointed by the President of India in consultation with the Prime Minister and the Council of Ministers. 4. The CAG may be removed by the President only on an address from both Houses of Parliament, on the grounds of proved misbehavior or incapacity. Select the correct answer using the code given below :
Consider the following pairs:- S. No. Parliamentary Committee Sub-category 1. Committees to Scrutinize and Control Committee on Subordinate Legislation 2. House-Keeping Committees or Service Committees Library Committee 3. Financial Committees Committee on Public Undertakings 4. Committees Relating to the Day-to-Day Business of the House Committee on Private Members’ Bills and Resolutions   Which of the pairs given above is/are correctly matched?
Consider the following statements regarding the Comptroller and Auditor General (CAG): (a) The CAG enjoys the same status as that of Chief Election Commissioner of India, but higher than the Deputy Chairman of Rajya Sabha according to the order of precedence. (b) The conditions of service of persons serving in the Indian Audit and Accounts Department are prescribed by the CAG after consultation with the president. (c) The salary and allowances of the CAG are determined by the president. Which of the statements given above is/are correct?
Which of the following statements are correct? a) The chairman of the Public Accounts Committee is always chosen from the ruling party. b) The chairman of the Public Accounts Committee is from the opposition party. c) The chief function of the Public Accounts Committee is to examine the report of CAG. d) The chairman of the Public Accounts Committee is appointed by the Vice President of India.
Which of the given statements is/are correct? (a) The Comptroller and Auditor General (CAG) is appointed by the President of India. (b) The CAG shall only be removed from office in like manner and on the like grounds as a Judge of the Supreme Court. (c) The CAG shall not be eligible for further office either under the Government of India or under the Government of any State after he/she has ceased to hold his/her office.
Nine individuals - Z, Y, X, W, V, U, T, S and R - are the only candidates, who can serve on three committees-K1, K2 and K3, and each candidate should serve on exactly one of the committees. Committee K1 should consist of exactly one member more than committee K2. It is possible that there are no members in committee K3. Among Z, Y and X none can serve on committee 10. Among W, V and U none can serve on committee K2. Among T, S and R none can serve on committee K3. In case committee K2 is served by T and Z only, how many of the nine individuals should serve on committee K3?  Of the nine individuals, the largest number that can serve together on committee K3 is: