AThe President
BThe Prime Minister
CThe Speaker of the Lok Sabha
DThe Chairman of the Rajya Sabha
AThe President
BThe Prime Minister
CThe Speaker of the Lok Sabha
DThe Chairman of the Rajya Sabha
Related Questions:
Choose the correct statement(s) regarding the constitutional basis and scope of the State Finance Commission (SFC).
The SFC is a constitutional body established under Article 243-I to review the financial position of Panchayats and under Article 243-Y for Municipalities.
The SFC's recommendations are exclusively focused on the distribution of taxes and do not cover grants-in-aid from the state.
Which of the following statements are correct about the Comptroller and Auditor General (CAG) of India?
i. The CAG’s salary is equivalent to that of a Supreme Court judge.
ii. The CAG submits three audit reports to the President: on appropriation accounts, finance accounts, and public undertakings.
iii. The CAG can audit the accounts of private companies not financed by the government.
iv. The CAG acts as a guide, friend, and philosopher to the Public Accounts Committee of Parliament.
Consider the following statements regarding the appointment and tenure of SFC members:
Members are appointed by the Governor of the state.
The tenure of each member is fixed at five years by the Constitution.
Every member is eligible for re-appointment after their term ends.
Which of the statements given above is/are correct?
Assertion (A): The CAG’s administrative expenses are charged upon the Consolidated Fund of India and are not subject to parliamentary vote.
Reason (R): This provision ensures the CAG’s financial autonomy, preventing parliamentary control over its budget.
Select the correct answer code: