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

    Question

    Consider the statements about Controller General of

    Accounts (CGA)? I. CGA is the Principal Accounting Adviser to the Government of India. II. The office is in the Department of Expenditure, Ministry of Finance. III. Smt. Soma Roy Burman is the present Controller General of Accounts. Which of the above statement is/are correct?
    A 1 only Correct Answer Incorrect Answer
    B 2 only Correct Answer Incorrect Answer
    C 3 only Correct Answer Incorrect Answer
    D 1 and 2 both Correct Answer Incorrect Answer
    E All are correct Correct Answer Incorrect Answer

    Solution

    Smt. Soma Roy Burman has been appointed as the Controller General of Accounts (CGA), Ministry of Finance, Department of Expenditure by the Government of India from 1st December 2019. The CGA is the Principal Accounting Adviser to the Government of India. The office is in the Department of Expenditure, Ministry of Finance, GOI. It also prepares and submits the accounts of the Central Government. Union government’s fiscal deficit for FY22 came in at Rs 15.86 trillion, or 99.7% of the Revised Estimates (RE) of 15.91 trillion, on the back of higher tax revenues and contained capital expenditure. For FY22, net tax revenue came in at Rs 18.2 trillion or 103% of RE compared with 106 per cent for the same period last year. Non-tax revenues were Rs 3.48 trillion, or nearly 111% compared with 98.6% for the year-ago period, while non-debt capital receipts were 39.2% of RE.

    Practice Next