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

    Question

    Which of the following statements in the context of the

    Comptroller and Auditor General (CAG) of India is not correct? 
    A It is authorised to audit Contingency Fund of India. Correct Answer Incorrect Answer
    B CAG submits annual audit report to the President of India. Correct Answer Incorrect Answer
    C CAG compiles and maintains accounts of both central and state governments. Correct Answer Incorrect Answer
    D CAG is removed by the President on the same grounds and in the same manner as a Supreme Court judge Correct Answer Incorrect Answer

    Solution

    The CAG does not compile and maintain the accounts of both central and state governments. Its primary role is to audit and scrutinize the accounts of the central and state governments to ensure financial propriety and compliance with laws and regulations.

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