With reference to the historical and current context of the CAG, consider the following statements:
i. V. Narahari Rao was the first CAG of independent India, serving from 1948 to 1954.
ii. The current CAG, K. Sanjay Murthy, is the 15th CAG of India, appointed in November 2024.
iii. The Audit Board was established to appoint technical experts for auditing specific government institutions.
iv. The CAG’s role in auditing public undertakings was introduced after the Companies Act was amended in 1976.
Which of the statements given above are correct?
With reference to the CAG’s role in financial oversight, consider the following statements:
i. The CAG audits all transactions related to the Contingency Fund of India and the Public Account of India.
ii. The CAG audits the accounts of government companies as per the Companies Act.
iii. The CAG has no role in auditing local bodies unless requested by the President or Governor.
iv. The CAG’s audit reports are directly binding on the audited entities to implement corrective measures.
Which of the statements given above are correct?
With reference to the constitutional provisions related to the CAG, consider the following statements:
i. Article 149 authorizes Parliament to prescribe the duties and powers of the CAG.
ii. Article 150 mandates that the CAG submits audit reports to the Prime Minister for presentation in Parliament.
iii. Article 151 requires the CAG to submit state audit reports to the Governor for presentation in the state legislature.
iv. Article 279 empowers the CAG to certify the net proceeds of any tax or duty.
Which of the statements given above are correct?