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Consider the following statements with reference to the Controller General of Accounts (CGA):
1. CGA, in the Department of Expenditure, is the Principal Accounting Adviser to the Government of India.
2. The CGA is responsible for exchequer control and internal audits for the central government.
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 'C'. Can you explain this answer?
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Consider the following statements with reference to the Controller Gen...
The government's fiscal deficit for 2023-24 stood at 5.63 per cent of the GDP, marginally better than the 5.8 per cent estimated in the Union Budget, according to data released by the Controller General of Accounts (CGA) recently.
About Controller General of Accounts (CGA):
- CGA, in the Department of Expenditure, Ministry of Finance, is the Principal Accounting Adviser to the Government of India.
- CGA is responsible for establishing and managing a technically sound Management Accounting System and preparation & submission of the accounts of the Union Government.
- The CGA is also responsible for exchequer control and internal audits for the central government.
- It was established in October 1975 to administer matters pertaining to the departmentalisation of the accounts of the Union.
- Functions:
- The Office of CGA prepares monthly and annual analysis of expenditure, revenues, borrowings, and various fiscal indicators for the Union Government.
- It further formulates policies relating to general principles, forms, and procedures of accounting for the Central and State Governments.
- It administers the process of payments, receipts, and accounting in the Central Civil Ministries/ Departments.
- Through its Internal Audit Units in the respective Ministries/Departments, it is responsible for maintaining the requisite technical standards of accounting in the departmentalized accounting offices and for monitoring the financial performance and effectiveness of various programs, schemes, and activities of the civil ministries.
- It also administers banking arrangements for the disbursements of Government expenditures and the collection of government receipts and interacts with the Central Bank for the reconciliation of the cash balances of the Union Government.
- CGA is also responsible for coordination and monitoring the progress of the submission of corrective/remedial action taken notes (ATNs) on the recommendations contained in the Public Accounts Committee’s (PAC) reports as well as the Comptroller and Auditor General (CAG) reports through its web-based Audit Para Monitoring System (APMS).
- It also looks after the pensions of Central government employees.
Hence option c is the correct answer.
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Consider the following statements with reference to the Controller Gen...
Controller General of Accounts (CGA)
Statement 1: CGA, in the Department of Expenditure, is the Principal Accounting Adviser to the Government of India.
The first statement is correct. The Controller General of Accounts (CGA) is indeed the Principal Accounting Adviser to the Government of India. The CGA functions under the Department of Expenditure, Ministry of Finance, and plays a crucial role in advising the government on accounting policies and practices.
Statement 2: The CGA is responsible for exchequer control and internal audits for the central government.
The second statement is also correct. The CGA is responsible for maintaining and formulating accounting policies for the central government, as well as ensuring effective internal audits to promote transparency and accountability in government finances.
Therefore, both statements are accurate, making option 'C' the correct answer. The Controller General of Accounts (CGA) holds a significant position in the financial management of the government, providing crucial advice and oversight to ensure the proper utilization of public funds.
Statement 1: CGA, in the Department of Expenditure, is the Principal Accounting Adviser to the Government of India.
The first statement is correct. The Controller General of Accounts (CGA) is indeed the Principal Accounting Adviser to the Government of India. The CGA functions under the Department of Expenditure, Ministry of Finance, and plays a crucial role in advising the government on accounting policies and practices.
Statement 2: The CGA is responsible for exchequer control and internal audits for the central government.
The second statement is also correct. The CGA is responsible for maintaining and formulating accounting policies for the central government, as well as ensuring effective internal audits to promote transparency and accountability in government finances.
Therefore, both statements are accurate, making option 'C' the correct answer. The Controller General of Accounts (CGA) holds a significant position in the financial management of the government, providing crucial advice and oversight to ensure the proper utilization of public funds.
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Consider the following statements with reference to the Controller General of Accounts (CGA):1. CGA,in the Department of Expenditure, is thePrincipal Accounting Adviser to the Government of India.2. The CGA is responsible for exchequer control and internal audits for the central government.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 'C'. Can you explain this answer?
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Consider the following statements with reference to the Controller General of Accounts (CGA):1. CGA,in the Department of Expenditure, is thePrincipal Accounting Adviser to the Government of India.2. The CGA is responsible for exchequer control and internal audits for the central government.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 'C'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements with reference to the Controller General of Accounts (CGA):1. CGA,in the Department of Expenditure, is thePrincipal Accounting Adviser to the Government of India.2. The CGA is responsible for exchequer control and internal audits for the central government.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 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements with reference to the Controller General of Accounts (CGA):1. CGA,in the Department of Expenditure, is thePrincipal Accounting Adviser to the Government of India.2. The CGA is responsible for exchequer control and internal audits for the central government.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 'C'. Can you explain this answer?.
Consider the following statements with reference to the Controller General of Accounts (CGA):1. CGA,in the Department of Expenditure, is thePrincipal Accounting Adviser to the Government of India.2. The CGA is responsible for exchequer control and internal audits for the central government.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 'C'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements with reference to the Controller General of Accounts (CGA):1. CGA,in the Department of Expenditure, is thePrincipal Accounting Adviser to the Government of India.2. The CGA is responsible for exchequer control and internal audits for the central government.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 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements with reference to the Controller General of Accounts (CGA):1. CGA,in the Department of Expenditure, is thePrincipal Accounting Adviser to the Government of India.2. The CGA is responsible for exchequer control and internal audits for the central government.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 'C'. Can you explain this answer?.
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