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    Question

    What is CAG stands for?

    A Computing and Accounting Group Correct Answer Incorrect Answer
    B Comptroller and Attorney general of India Correct Answer Incorrect Answer
    C Compliance and Audit Group Correct Answer Incorrect Answer
    D Comptroller and Auditor General of India Correct Answer Incorrect Answer
    E Commercial Audit Group Correct Answer Incorrect Answer

    Solution

    The Comptroller and Auditor General (CAG) of India is an authority, which audits all receipts and expenditure of the Government of India and the state governments, including those of bodies and authorities substantially financed by the government. The CAG is also the external auditor of Government-owned corporations and conducts supplementary audit of government companies, i.e., any non-banking/ non-insurance company in which Union Government has an equity share of at least 51 per cent or subsidiary companies of existing government companies.

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