New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Consider the following about the office of Controller

    General of Accounts (CGA)? I. It come under Department of Budgeting in the Ministry of Finance. II. It is the Principal Accounting Adviser to Government of India. III. It prepares monthly and annual analysis of various fiscal indicators for the Union Government. Which of the above statement is/are correct?
    A I only Correct Answer Incorrect Answer
    B II only Correct Answer Incorrect Answer
    C III only Correct Answer Incorrect Answer
    D I and II only Correct Answer Incorrect Answer
    E II and III only Correct Answer Incorrect Answer

    Solution

    The Controller General of Accounts (CGA), in the Department of Expenditure, Ministry of Finance, is the Principal Accounting Adviser to Government of India and is responsible for establishing and maintaining a technically sound Management Accounting System. The Office of CGA prepares monthly and annual analysis of expenditure, revenues, borrowings and various fiscal indicators for the Union Government.

    Practice Next