The 'Comptroller and Auditor General' (CAG) is appointed by: MCQ with Answer and Explanation

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The 'Comptroller and Auditor General' (CAG) is appointed by:

A. President of India

B. Prime Minister

C. Finance Minister

D. Parliament

Answer: Option A

Solution (By JKSSB Mock Tests)

CAG is appointed by the President under Article 148.

This question belongs to: Accountancy and Statistics Accountancy and Book Keeping

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Question #1

Input Tax Credit on motor vehicles is blocked under GST except when used for:

A. Office commuting

B. All cases

C. Further supply of vehicles or transportation of goods/passengers

D. Personal use

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Correct Answer: Option C

Explanation:
ITC on motor vehicles is generally blocked, but allowed if used for specified purposes like transport services, further supply, etc.

This question belongs to: Accountancy and Statistics Accountancy and Book Keeping

Question #2

The 'Directorate General of Foreign Trade' (DGFT) is under:

A. Ministry of Commerce and Industry

B. RBI

C. Ministry of External Affairs

D. Ministry of Finance

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Correct Answer: Option A

Explanation:
DGFT is the nodal agency for foreign trade policy under Ministry of Commerce.

This question belongs to: Accountancy and Statistics Accountancy and Book Keeping

Question #3

The 'National Pension System' (NPS) for government employees was made mandatory for those joining after:

A. 1 Jan 1991

B. 1 Jan 2010

C. 1 Jan 2004

D. 1 Jan 2015

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Correct Answer: Option C

Explanation:
NPS replaced the old defined benefit pension for central government employees joining on or after 1/1/2004.

This question belongs to: Accountancy and Statistics Accountancy and Book Keeping

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