Answer- What is CAG stands for?

Q: Answer- What is CAG stands for?

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.

Home
Questions
General Awareness
RBI
What is CAG stands for?

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.

Practice Next

Relevant for Exams:

RBI Grade B

Thank You for posting your query. Please check your email for further guidance

Please Register/Login to Download Question