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With reference to the Audit Diwas, consider the following statements:
1. It is being celebrated to mark the historic origins of the institution of CAG and the contribution it has made to the governance, transparency and accountability over the past several years.
2. The Comptroller and Auditor General of India is the Constitutional Authority in India, established under Article 324 of the Constitution of India.
Which of the statements given above is/are correct?
- a)1 only
- b)2 only
- c)Both 1 and 2
- d)Neither 1 nor 2
Correct answer is option 'A'. Can you explain this answer?
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Verified Answer
With reference to the Audit Diwas, consider the following statements:1...
Prime Minister Narendra Modi will address the event marking the first Audit Diwas at CAG office premises, on 16th November,2021.
- Audit Diwasis being celebrated to mark the historic origins of the institution of CAG and the contribution it has made to the governance, transparency and accountability over the past several years.
- The Comptroller and Auditor General of India is the Constitutional Authority in India, established under Article 148 of the Constitution of India.
- He is empowered to Audit all receipts and expenditure of the Government of India and the State Governments, including those of autonomous bodies and corporations substantially financed by the Government.
- Articles 148 – 151 of the Constitution of India deal with the institution of the CAG of India.
- The former Lt. Governor of UT of Jammu Kashmir G. C. Murmu is the current CAG of India. He assumed office on 8 August 2020. He is the 14th CAG of India.
Hence only statement 1 is correct.
Most Upvoted Answer
With reference to the Audit Diwas, consider the following statements:1...
Answer:
Statement 1: It is being celebrated to mark the historic origins of the institution of CAG and the contribution it has made to the governance, transparency and accountability over the past several years.
- This statement is correct. Audit Diwas is celebrated to commemorate the establishment of the institution of the Comptroller and Auditor General (CAG) of India on 1st November 1860. It recognizes the historic origins of the CAG and celebrates the significant contribution it has made to governance, transparency, and accountability in India over the past several years.
Statement 2: The Comptroller and Auditor General of India is the Constitutional Authority in India, established under Article 324 of the Constitution of India.
- This statement is incorrect. The Comptroller and Auditor General of India (CAG) is not established under Article 324 of the Constitution of India. Article 324 deals with the powers and functions of the Election Commission of India, which is responsible for the conduct of elections in the country. The CAG is established under Article 148 of the Constitution of India.
Therefore, the correct answer is option 'A' - 1 only.
Explanation:
- Audit Diwas is a significant day celebrated in India to mark the establishment of the institution of the Comptroller and Auditor General (CAG) of India on 1st November 1860.
- The CAG is an independent constitutional authority in India and is responsible for auditing the accounts of the central and state governments, as well as public sector organizations.
- The CAG plays a crucial role in ensuring transparency, accountability, and good governance by examining the financial transactions of the government and highlighting any irregularities or financial mismanagement.
- The celebration of Audit Diwas aims to recognize the contribution of the CAG in upholding the principles of accountability and transparency in government functioning.
- It also serves as an occasion to raise awareness about the importance of auditing and its role in promoting good governance and responsible financial management.
- The day is marked by various events and activities organized by the CAG's office, including seminars, conferences, and discussions on topics related to auditing and governance.
- It provides an opportunity for stakeholders, including government officials, auditors, and policymakers, to come together and discuss ways to further strengthen the auditing process and improve governance.
- The celebration of Audit Diwas highlights the significance of the CAG's role in ensuring financial probity, integrity, and accountability in the functioning of the government, thereby contributing to the overall development and progress of the country.
Statement 1: It is being celebrated to mark the historic origins of the institution of CAG and the contribution it has made to the governance, transparency and accountability over the past several years.
- This statement is correct. Audit Diwas is celebrated to commemorate the establishment of the institution of the Comptroller and Auditor General (CAG) of India on 1st November 1860. It recognizes the historic origins of the CAG and celebrates the significant contribution it has made to governance, transparency, and accountability in India over the past several years.
Statement 2: The Comptroller and Auditor General of India is the Constitutional Authority in India, established under Article 324 of the Constitution of India.
- This statement is incorrect. The Comptroller and Auditor General of India (CAG) is not established under Article 324 of the Constitution of India. Article 324 deals with the powers and functions of the Election Commission of India, which is responsible for the conduct of elections in the country. The CAG is established under Article 148 of the Constitution of India.
Therefore, the correct answer is option 'A' - 1 only.
Explanation:
- Audit Diwas is a significant day celebrated in India to mark the establishment of the institution of the Comptroller and Auditor General (CAG) of India on 1st November 1860.
- The CAG is an independent constitutional authority in India and is responsible for auditing the accounts of the central and state governments, as well as public sector organizations.
- The CAG plays a crucial role in ensuring transparency, accountability, and good governance by examining the financial transactions of the government and highlighting any irregularities or financial mismanagement.
- The celebration of Audit Diwas aims to recognize the contribution of the CAG in upholding the principles of accountability and transparency in government functioning.
- It also serves as an occasion to raise awareness about the importance of auditing and its role in promoting good governance and responsible financial management.
- The day is marked by various events and activities organized by the CAG's office, including seminars, conferences, and discussions on topics related to auditing and governance.
- It provides an opportunity for stakeholders, including government officials, auditors, and policymakers, to come together and discuss ways to further strengthen the auditing process and improve governance.
- The celebration of Audit Diwas highlights the significance of the CAG's role in ensuring financial probity, integrity, and accountability in the functioning of the government, thereby contributing to the overall development and progress of the country.
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With reference to the Audit Diwas, consider the following statements:1. It is being celebrated to mark the historic origins of the institution of CAG and the contribution it has made to the governance, transparency and accountability over the past several years.2. The Comptroller and Auditor General of India is the Constitutional Authority in India, established under Article 324 of the Constitution of India.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer?
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With reference to the Audit Diwas, consider the following statements:1. It is being celebrated to mark the historic origins of the institution of CAG and the contribution it has made to the governance, transparency and accountability over the past several years.2. The Comptroller and Auditor General of India is the Constitutional Authority in India, established under Article 324 of the Constitution of India.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer? for Current Affairs 2024 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about With reference to the Audit Diwas, consider the following statements:1. It is being celebrated to mark the historic origins of the institution of CAG and the contribution it has made to the governance, transparency and accountability over the past several years.2. The Comptroller and Auditor General of India is the Constitutional Authority in India, established under Article 324 of the Constitution of India.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for Current Affairs 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to the Audit Diwas, consider the following statements:1. It is being celebrated to mark the historic origins of the institution of CAG and the contribution it has made to the governance, transparency and accountability over the past several years.2. The Comptroller and Auditor General of India is the Constitutional Authority in India, established under Article 324 of the Constitution of India.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer?.
With reference to the Audit Diwas, consider the following statements:1. It is being celebrated to mark the historic origins of the institution of CAG and the contribution it has made to the governance, transparency and accountability over the past several years.2. The Comptroller and Auditor General of India is the Constitutional Authority in India, established under Article 324 of the Constitution of India.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer? for Current Affairs 2024 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about With reference to the Audit Diwas, consider the following statements:1. It is being celebrated to mark the historic origins of the institution of CAG and the contribution it has made to the governance, transparency and accountability over the past several years.2. The Comptroller and Auditor General of India is the Constitutional Authority in India, established under Article 324 of the Constitution of India.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for Current Affairs 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to the Audit Diwas, consider the following statements:1. It is being celebrated to mark the historic origins of the institution of CAG and the contribution it has made to the governance, transparency and accountability over the past several years.2. The Comptroller and Auditor General of India is the Constitutional Authority in India, established under Article 324 of the Constitution of India.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer?.
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