Which of the following statements regarding parliamentary financial control and the Comptroller and…
Statements A, B and D are correct. Parliamentary financial control ensures that public funds are spent as authorised by Parliament, and the Comptroller and Auditor General…
Choose your answer
Which of the following statements regarding parliamentary financial control and the Comptroller and Auditor General of India (CAG) are correct?
(A) Parliamentary financial control ensures that public expenditure is incurred as sanctioned by Parliament.
(B) The Comptroller and Auditor General of India is regarded as the guardian of the public purse.
(C) The Constitution mandates the Comptroller and Auditor General of India to audit the accounts of all Panchayats.
(D) The Comptroller and Auditor General of India submits audit reports relating to the accounts of the Union to the President.
Answer and explanation
Correct answer D
Statements A, B and D are correct. Parliamentary financial control ensures that public funds are spent as authorised by Parliament, and the Comptroller and Auditor General of India (CAG) acts as the guardian of the public purse by auditing public expenditure. Under Article 151(1) of the Constitution, the CAG submits audit reports relating to the accounts of the Union to the President. Statement C is incorrect because under Article 243J, the Legislature of a State may by law make provisions for the maintenance and auditing of Panchayat accounts, and the Constitution does not mandate the CAG to audit all Panchayats.
Practice for these exams
-
Tamil Nadu SET (TNSET)