Shri Deepak Das takes charge as the new Controller General of Accounts (CGA).
The mandate of the Controller General of Accounts is derived from Article 150 of the Constitution.
The duties and responsibilities of CGA are outlined in this statutory mandate, which is incorporated in the Allocation of Business Rules 1961. Hence, statement (a) is incorrect.
The Comptroller and Auditor General's (Duties, Powers, and Conditions of Service) Act of 1971 established the need for accounting and audit to be separated.
The Controller General of Accounts (CGA), in the Ministry of Finance's Department of Expenditure, is the Principal Accounting Adviser of the Government of India and is responsible for establishing and maintaining a technically sound Management Accounting System. Hence, statement (b) is incorrect.
The CGA is neither an independent body nor a constitutional body. It falls under the purview of the Department of Expenditure.
On the advice of the Comptroller and Auditor General of India (CAG), the President establishes general principles of government accounting, which the CGA maintains.
The appropriation audit and regulatory audit are the statutory duties of the CGA. Hence, statement (c) is correct.
The CGA is the Principal Accounting Adviser to the Government of India. The office is in the Department of Expenditure, Ministry of Finance, GOI.
The office of the CGA has the mandate to establish and maintain a technically sound Management Accounting system.
It also prepares and submits the accounts of the Central Government.
It is also in charge of the exchequer control and internal audits.
Option 5 : None of theseFrom statement – 1,
Average = 78
⇒ Marks obtained in Accounts + Statistics + English = 78 × 3
⇒ Marks obtained in Accounts + Statistics +...
Option 3 : Only cThe correct answer is Only c.
M. C. Setalvad was the first Attorney General of India. Statement a is correct.
Motilal Chimanlal Setalvad (c. 1884 – 1974) was an eminent...
Option 4 : Only cThe correct answer is Only c.
Surplus budget
A surplus budget refers to a budget where estimated total receipts are more than the estimated total expenditure.
In case of a...
Option 4 : None of theseThe correct answer is None of these.
WTO (World Trade Organization) was established on 1 January 1995 by replacing the General Agreement on Trade and Tariffs (GATT) under the...
Option 3 : (c)The correct answer is (c).
Ladakh also known as “the Land of Passes‟ (La-passes, dakh-land) is the largest in the area among the regions viz., Jammu, Kashmir and...
Option 2 : (a), (b) and (d)The correct answer is (a), (b), and (d).
The Comptroller and Auditor General of India
The Comptroller and Auditor General is appointed by the President by warrant...
Option 2 : Only bThe correct answer is only b.
Public Accounts Committee -
The Public Accounts Committee was introduced in 1921 after its first mention in the Government of India Act,...
Option 1 : Reserve Bank of India (RBI)The correct answer is the Reserve Bank of India (RBI).
RBI has cancelled the authorization certificates of Muthoot Vehicle and Asset Finance Ltd and Eko India...
Option 4 : Only 1 followsThe statement highlights the water shortage problem faced by the construction industries in North Karnataka.
Action I suggests that the government take some steps to address...
Option 3 : 1 and 2 onlyThe correct answer is 1 and 2 only.
Public Accounts Committee:
Public Accounts Committee was founded in 1921 under the provisions of the Government of India Act of...