Who among the following is known as the guardian of the 'Public Purse' in India?
The Comptroller and Auditor General, appointed under Article 148, audits the accounts of the Union and the States and reports on them to the legislatures under Article 151,…
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Who among the following is known as the guardian of the 'Public Purse' in India?
Answer and explanation
Correct answer A
The Comptroller and Auditor General, appointed under Article 148, audits the accounts of the Union and the States and reports on them to the legislatures under Article 151, and is therefore called the guardian of the public purse. The Finance Commission recommends the sharing of taxes, and the Finance Minister and the Reserve Bank manage finances rather than audit them.
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