Question

Which of the following acts as the watchdog of Public Finance?

• A. Estimate Committee.
• B. Public Accounts Committee.
• C. Comptroller and Auditor General of India
• D. Committee on Sub-ordinate Legislation

Answer 1

Answer:

C. Comptroller and Auditor General of India

• The Comptroller and Auditor General (CAG) of India is established by Article 148 of the Constitution of India. Article 149 deals with Duties and Powers of the Comptroller and Auditor-General of India.

• Article 150 says that the accounts of the Union and of the States shall be kept in such form as the President may, on the advice of the CAG, prescribe.

• Article 151 says that the reports of the Comptroller and Auditor-General of India relating to the accounts of the Union shall be submitted to the president, who shall cause them to be laid before each House of Parliament.