Comptroller and Auditor-General of India (CAG) is a Constitutional body under Article 148 of the Indian Constitution. Which of the following Statements is False about CAG?a)The Comptroller and Auditor General is appointed by the President of India and can be removed from office only in the manner and on the grounds that a Judge of the Supreme Court is removed.b)The expenses on the administration of this office of CAG including all allowances, salaries and pensions would be charged to the Consolidated Fund of India.c)CAG can audit All receipts and expenditure from the Consolidated Fund of India and of the states and union territories.d)It can also audit any Private Company as it deems fit.e)The CAG is appointed for a period of 6 years or until attaining the age of 65 years whichever is earlier.Correct answer is option 'D'. Can you explain this answer?

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Comptroller and Auditor-General of India (CAG) is a Constitutional body under Article 148 of the Indian Constitution. Which of the following Statements is False about CAG?

a)
The Comptroller and Auditor General is appointed by the President of India and can be removed from office only in the manner and on the grounds that a Judge of the Supreme Court is removed.
b)
The expenses on the administration of this office of CAG including all allowances, salaries and pensions would be charged to the Consolidated Fund of India.
c)
CAG can audit All receipts and expenditure from the Consolidated Fund of India and of the states and union territories.
d)
It can also audit any Private Company as it deems fit.
e)
The CAG is appointed for a period of 6 years or until attaining the age of 65 years whichever is earlier.

Correct answer is option 'D'. Can you explain this answer?

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Comptroller and Auditor-General of India (CAG) is a Constitutional bo...

The powers of the CAG, regarding audits, are provided for in the Comptroller and Auditor General of India (Duties, Powers and Conditions of Service) Act, 1971. According to this act, the CAG can audit:

All receipts and expenditure from the Consolidated Fund of India and of the states and union territories.
All transactions relating to the Contingency Funds and Public Accounts.
All trading, manufacturing, profit and loss accounts and balance sheets and other subsidiary accounts kept in any department.
All stores and stock of all government offices or departments.
Accounts of all government companies set up under the Indian Companies Act, 1956.
Accounts of all central government corporations whose Acts provide for audit by the CAG.
Accounts of all authorities and bodies substantially funded from the Consolidated Fund. Accounts of any authority, even though not substantially funded by the government, at either the request of the Governor/President or at the CAG’s own initiative.

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Comptroller and Auditor-General of India (CAG) is a Constitutional body under Article 148 of the Indian Constitution. Which of the following Statements is False about CAG?a)The Comptroller and Auditor General is appointed by the President of India and can be removed from office only in the manner and on the grounds that a Judge of the Supreme Court is removed.b)The expenses on the administration of this office of CAG including all allowances, salaries and pensions would be charged to the Consolidated Fund of India.c)CAG can audit All receipts and expenditure from the Consolidated Fund of India and of the states and union territories.d)It can also audit any Private Company as it deems fit.e)The CAG is appointed for a period of 6 years or until attaining the age of 65 years whichever is earlier.Correct answer is option 'D'. Can you explain this answer?

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Comptroller and Auditor-General of India (CAG) is a Constitutional body under Article 148 of the Indian Constitution. Which of the following Statements is False about CAG?a)The Comptroller and Auditor General is appointed by the President of India and can be removed from office only in the manner and on the grounds that a Judge of the Supreme Court is removed.b)The expenses on the administration of this office of CAG including all allowances, salaries and pensions would be charged to the Consolidated Fund of India.c)CAG can audit All receipts and expenditure from the Consolidated Fund of India and of the states and union territories.d)It can also audit any Private Company as it deems fit.e)The CAG is appointed for a period of 6 years or until attaining the age of 65 years whichever is earlier.Correct answer is option 'D'. Can you explain this answer? for Banking Exams 2024 is part of Banking Exams preparation. The Question and answers have been prepared according to the Banking Exams exam syllabus. Information about Comptroller and Auditor-General of India (CAG) is a Constitutional body under Article 148 of the Indian Constitution. Which of the following Statements is False about CAG?a)The Comptroller and Auditor General is appointed by the President of India and can be removed from office only in the manner and on the grounds that a Judge of the Supreme Court is removed.b)The expenses on the administration of this office of CAG including all allowances, salaries and pensions would be charged to the Consolidated Fund of India.c)CAG can audit All receipts and expenditure from the Consolidated Fund of India and of the states and union territories.d)It can also audit any Private Company as it deems fit.e)The CAG is appointed for a period of 6 years or until attaining the age of 65 years whichever is earlier.Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for Banking Exams 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Comptroller and Auditor-General of India (CAG) is a Constitutional body under Article 148 of the Indian Constitution. Which of the following Statements is False about CAG?a)The Comptroller and Auditor General is appointed by the President of India and can be removed from office only in the manner and on the grounds that a Judge of the Supreme Court is removed.b)The expenses on the administration of this office of CAG including all allowances, salaries and pensions would be charged to the Consolidated Fund of India.c)CAG can audit All receipts and expenditure from the Consolidated Fund of India and of the states and union territories.d)It can also audit any Private Company as it deems fit.e)The CAG is appointed for a period of 6 years or until attaining the age of 65 years whichever is earlier.Correct answer is option 'D'. Can you explain this answer?.

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