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Which of the following statements in the context of the Comptroller and Auditor General (CAG) of India is not correct?
- a)It is authorised to audit Contingency Fund of India.
- b)CAG submits annual audit report to the President of India.
- c)CAG compiles and maintains accounts of both central and state governments.
- d)CAG is removed by the President on the same grounds and in the same manner as a Supreme Court judge
Correct answer is option 'C'. Can you explain this answer?
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Which of the following statements in the context of the Comptroller an...
- The duties and functions of the CAG as laid down by the parliament and the Constitution are: o audits the accounts related to all expenditure from the Consolidated Fund of India, consolidated fund of each state and of each union territory having a Legislative Assembly.
- He audits all expenditures from the Contingency Fund of India and the Public Account of India and of each state.
- He audits all bodies and authorities substantially financed from the Central or state revenues, Government companies, etc.
- He audits the accounts of any other authority when requested by the President or Governor. E.g.: the audit of local bodies
- He submits his audit reports relating to the accounts of the Centre to President (to the governor), who shall, in turn, place them before both the Houses of the Parliament (state legislature).
- He acts as a guide, friend and philosopher of the Public Accounts Committee of the Parliament.
- He compiles and maintains the accounts of state governments. In 1976, he was relieved of his responsibilities with regard to the compilation and maintenance of accounts of the Central Government. Hence option (c) is the answer.
- He holds office for a period of six years or upto the age of 65 years, whichever is earlier.
- He can resign any time from his office by addressing the resignation letter to the president.
- He can also be removed by the president on same grounds and in the same manner as a judge of the Supreme Court.
- The role of CAG in the auditing of public corporations is limited and falls broadly into 3 categories
- audited totally and directly by the CAG - ONGC, Air India etc.
- audited by private professional auditors who are appointed by the Central Government in consultation with the CAG - Central Warehousing Corporation, etc..
- totally subjected to private audit and the CAG does not come into the picture at all - RBI, SBI, LIC, FCI etc.
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Which of the following statements in the context of the Comptroller an...
Explanation:
The correct statement is option 'C' - CAG compiles and maintains accounts of both central and state governments.
Reason:
The Comptroller and Auditor General (CAG) of India is an independent constitutional authority responsible for auditing the accounts of the central and state governments. It ensures transparency and accountability in the financial operations of the government. Let's analyze each statement to understand why option 'C' is incorrect.
a) It is authorised to audit Contingency Fund of India:
- This statement is correct. The CAG is authorized to audit the Contingency Fund of India. The Contingency Fund is a government fund set aside for unforeseen expenses and emergencies.
b) CAG submits annual audit report to the President of India:
- This statement is correct. The CAG submits an annual audit report to the President of India. The report highlights the findings and observations of the audit conducted by the CAG.
c) CAG compiles and maintains accounts of both central and state governments:
- This statement is incorrect. The CAG does not compile and maintain the accounts of both central and state governments. Its primary role is to audit and scrutinize the accounts of the central and state governments to ensure financial propriety and compliance with laws and regulations.
d) CAG is removed by the President on the same grounds and in the same manner as a Supreme Court judge:
- This statement is correct. The CAG is appointed by the President of India and can only be removed by the President on the same grounds and in the same manner as a Supreme Court judge. This ensures the independence and impartiality of the CAG.
In conclusion, option 'C' is incorrect because the CAG does not compile and maintain the accounts of both central and state governments. Its main responsibility is to audit and scrutinize the accounts of the central and state governments.
The correct statement is option 'C' - CAG compiles and maintains accounts of both central and state governments.
Reason:
The Comptroller and Auditor General (CAG) of India is an independent constitutional authority responsible for auditing the accounts of the central and state governments. It ensures transparency and accountability in the financial operations of the government. Let's analyze each statement to understand why option 'C' is incorrect.
a) It is authorised to audit Contingency Fund of India:
- This statement is correct. The CAG is authorized to audit the Contingency Fund of India. The Contingency Fund is a government fund set aside for unforeseen expenses and emergencies.
b) CAG submits annual audit report to the President of India:
- This statement is correct. The CAG submits an annual audit report to the President of India. The report highlights the findings and observations of the audit conducted by the CAG.
c) CAG compiles and maintains accounts of both central and state governments:
- This statement is incorrect. The CAG does not compile and maintain the accounts of both central and state governments. Its primary role is to audit and scrutinize the accounts of the central and state governments to ensure financial propriety and compliance with laws and regulations.
d) CAG is removed by the President on the same grounds and in the same manner as a Supreme Court judge:
- This statement is correct. The CAG is appointed by the President of India and can only be removed by the President on the same grounds and in the same manner as a Supreme Court judge. This ensures the independence and impartiality of the CAG.
In conclusion, option 'C' is incorrect because the CAG does not compile and maintain the accounts of both central and state governments. Its main responsibility is to audit and scrutinize the accounts of the central and state governments.
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Which of the following statements in the context of the Comptroller and Auditor General (CAG) of India is not correct?a)It is authorised to audit Contingency Fund of India.b)CAG submits annual audit report to the President of India.c)CAG compiles and maintains accounts of both central and state governments.d)CAG is removed by the President on the same grounds and in the same manner as a Supreme Court judgeCorrect answer is option 'C'. Can you explain this answer?
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Which of the following statements in the context of the Comptroller and Auditor General (CAG) of India is not correct?a)It is authorised to audit Contingency Fund of India.b)CAG submits annual audit report to the President of India.c)CAG compiles and maintains accounts of both central and state governments.d)CAG is removed by the President on the same grounds and in the same manner as a Supreme Court judgeCorrect answer is option 'C'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Which of the following statements in the context of the Comptroller and Auditor General (CAG) of India is not correct?a)It is authorised to audit Contingency Fund of India.b)CAG submits annual audit report to the President of India.c)CAG compiles and maintains accounts of both central and state governments.d)CAG is removed by the President on the same grounds and in the same manner as a Supreme Court judgeCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following statements in the context of the Comptroller and Auditor General (CAG) of India is not correct?a)It is authorised to audit Contingency Fund of India.b)CAG submits annual audit report to the President of India.c)CAG compiles and maintains accounts of both central and state governments.d)CAG is removed by the President on the same grounds and in the same manner as a Supreme Court judgeCorrect answer is option 'C'. Can you explain this answer?.
Which of the following statements in the context of the Comptroller and Auditor General (CAG) of India is not correct?a)It is authorised to audit Contingency Fund of India.b)CAG submits annual audit report to the President of India.c)CAG compiles and maintains accounts of both central and state governments.d)CAG is removed by the President on the same grounds and in the same manner as a Supreme Court judgeCorrect answer is option 'C'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Which of the following statements in the context of the Comptroller and Auditor General (CAG) of India is not correct?a)It is authorised to audit Contingency Fund of India.b)CAG submits annual audit report to the President of India.c)CAG compiles and maintains accounts of both central and state governments.d)CAG is removed by the President on the same grounds and in the same manner as a Supreme Court judgeCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following statements in the context of the Comptroller and Auditor General (CAG) of India is not correct?a)It is authorised to audit Contingency Fund of India.b)CAG submits annual audit report to the President of India.c)CAG compiles and maintains accounts of both central and state governments.d)CAG is removed by the President on the same grounds and in the same manner as a Supreme Court judgeCorrect answer is option 'C'. Can you explain this answer?.
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