Management Finance - Part 1

Which statement best describes the role of the Comptroller and Auditor General of India (CAG)?

Type: MCQ • Marks: 1
Which statement best describes the role of the Comptroller and Auditor General of India (CAG)?
Options
A. It prepares the Union Budget
B. It independently audits public financial transactions and reports constitutionally to the legislature
C. It controls monetary policy
D. It approves all government expenditure before spending
Explanation
The CAG is an independent constitutional audit institution whose reports strengthen legislative financial accountability.
UPSC Principal & Vice Principal Management Finance Administration

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