Ncertlysis

10. CAG has no role in the audit of which of the following corporations? 1. Life Insurance Corporation of India 2. Reserve Bank of India. 3. Food Corporation of India 4. Air India 5. Oil and Natural Gas Commission 6. State Bank of India Select the correct answer using the codes given below: (a) 1, 2, 3 and 6 only (b) 2, 4 and 5 only (c) 1, 4 and 5 only (d) 1, 4, 5 and 6 only

9. Consider the following statements regarding comptroller and Auditor General of India: 1. Departments are authorized to draw money by issuing cheques without specific authority from the CAG. 2. The duties and powers of the CAG of India regarding issuing money from consolidated funds are equivalent to that of the CAG of Britain. Which of the statements given above is/are incorrect? (a) 1 only (b) 2 only (c) Both 1 and 2 (d) None of the above

8. Comptroller and Auditor General of India (CAG) is accountable to which of the following? (a) President of India (b) Lower house of the Parliament (c) Parliament (d) Supreme Court

7. Which of the following receipts and expenditures are audited by CAG of India? 1. All bodies and authorities substantially financed from the Central or state revenues. 2. Government companies. 3. Other corporations and bodies, when so required by related laws. Select the correct answer using the codes given below. (a) 1 and 2 only (b) 2 and 3 only (c) 1 only (d) All of the above.

6. Consider the following statements with reference to Comptroller and Auditor general of India (CAG) 1. Though appointed by the President, the service conditions are determined by the Parliament. 2. A cabinet Minister can represent CAG in parliament. 3. Only proved Misbehaviour or Incapacity can be the ground for removal of CAG. Which of the statements given above is/are correct? (a) 1 and 2 only (b) 2 and 3 only (c) 1 and 3 only (d) 1, 2 and 3

5.Consider the following statement with reference to the power of CAG 1. CAG is authorised to audit accounts related to expenditure from consolidated funds of India and Consolidated funds of all States. 2. CAG can also audit Public account of India but not Contingency fund of India 3. CAG can also audit local bodies on request of the president or governor Which of the statement/s given above is/are correct (a) 1 only (b) 1 and 3 only (c) 3 only (d) 1, 2 and 3

4. Consider the following statements regarding office of CAG 1. CAG is appointed by warrant under the hand and seal of the President. 2. CAG of India doesn't take oaths. 3. It is the President who prescribes the form in which the accounts of Union and states shall be maintained and kept. Which of the above statement(s) is/are correct? (a) 1 and 3 only (b) 2 and 3 only (c) 1 only (d) 1, 2 and 3 only

3. With reference history of the office of Comptroller and Auditor general of India (CAG), consider the following statements 1. Govt of India Act 1858 record the first reference to the office of Auditor General of India 2. Montford Reform 1918 made the Office of CAG independent from the sovereign 3. Govt of India order 1936 laid down condition of service of Auditor general and defined his duties and powers Which of the above statement(s) is/are correct? (a) 1 and 2 only (b) 2 and 3 only (c) 1 and 3 only (d) 1, 2 and 3

2. With reference to the CAG which of the following statements is/are incorrect? 1. CAG is appointed by the president of India and holds office for a period of six years or up to the age of sixty years, whichever is earlier. 2. CAG is removed by the president and thus holds office till the pleasure of the President. 3. CAG salary and other service conditions are determined by the President and his salary is equal to that of a judge of the Supreme Court. Select the answer using the codes given below: (a) 1 and 2 only (b) 2 and 3 only (c) 1 and 3 only (d) 1, 2 and 3.

1. With reference to the CAG which of the following statements is/are correct? 1. It is the agent of the parliament and conducts an audit of expenditure on behalf of the Parliament. 2. CAG works as the guardian of the public purse and controls the entire financial system of the country at both the levels- the Centre and the state. 3. The duties and powers of the CAG in relation to the accounts of the Union and the states are derived from CAG's (Duties, Powers and Conditions of Service) act, 1971. Select the correct answer using the codes given below: (a) 1 and 2 only (b) 2 and 3 only (c) 1 and 3 only (d) 1, 2 and 3.