CAG - GS questions based on daily current affairs

1)   Which of the following is/are true regarding CAG?

1) CAG submits three reports to the Parliament of India where the Public Accounts Committee examines them.
2) The appropriation accounts compare the actual expenditure with the expenditure sanctioned by the Parliament through the Appropriation Act.

a. Only 1
b. Only 2
c. Both 1 and 2
d. Neither 1 nor 2
Answer  Explanation 

ANSWER: Only 2

Explanation:

  • The CAG submits three audit reports to the President - audit report on appropriation accounts, audit report on finance accounts, and audit report on public undertakings.
  • The President lays these reports before both the Houses of Parliament.
  • After this, the Public Accounts Committee examines them and reports its findings to the Parliament.
  • The appropriation accounts compare the actual expenditure with the expenditure sanctioned by the Parliament through the Appropriation Act.
2)   Which of the following statements is/are correct?

1. CAG has control over the issue of money from the consolidated fund.
2. CAG conducts audit of expenditure on behalf of the President

a. Only 1
b. Only 2
c. Both
d. None
Answer  Explanation 

ANSWER: None

Explanation:
CAG has no control over the issue of money from the consolidated fund.

CAG is an agent of the Parliament and conducts audit of expenditure on behalf of the Parliament. Therefore, he is responsible only to the Parliament.

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