Question: In India, other than ensuring that public funds are used efficiently and for intended purpose, what is the importance of the office of the Comptroller and Auditor General (CAG)?
- CAG exercises exchequer control on behalf of the Parliament when the President of India declares national emergency/ financial emergency.
- CAG reports on the execution of projects or programmes by the ministries are discussed by the Public Accounts Committee.
- Information from CAG reports can be used by investigating agencies to press charges against those who have violated the law while managing public finances.
- While dealing with the audit and accounting of government companies, CAG has certain judicial powers for prosecuting those who violate the law. Which of the statement(s) given above is/are correct?
Options:
A) 1, 3 and 4
B) Only 2
C) 2 and 3
D) All of these
Show Answer
Answer:
Correct Answer: C
BETA
