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?
Consider the following statements about the Audit Board and historical aspects of the CAG:
i. The Audit Board was established in 1968 based on the recommendation of the Administrative Reforms Committee.
ii. The Audit Board consists of a Chairman and two members appointed by the CAG.
iii. The first CAG of independent India was V. Narahari Rao, appointed in 1948.
iv. The CAG was relieved of maintaining Central Government accounts in 1976 due to the separation of accounts from audit.
v. The Audit Board audits all government and semi-government institutions without requiring technical expertise.
Which of the above statements are correct?
onsider the following statements about the Audit Board and historical aspects of the CAG:
i. The Audit Board was established in 1968 based on the recommendation of the Administrative Reforms Committee.
ii. The Audit Board consists of a Chairman and two members appointed by the CAG.
iii. The first CAG of independent India was V. Narahari Rao, appointed in 1948.
iv. The CAG was relieved of maintaining Central Government accounts in 1976 due to the separation of accounts from audit.
v. The Audit Board audits all government and semi-government institutions without requiring technical expertise.
Which of the above statements are correct?