Under the Comptroller and Auditor General's (Duties, Powers and Conditions of Service) Act, 1971, the CAG audits the accounts of:
A. Union, State Governments, and Government Companies
B. Union, State Governments, Government Companies, and bodies substantially financed by the government
C. Union and State Governments only
D. Only the Union Government
Answer: Option B
Solution (By JKSSB Mock Tests)
The CAG's DPC Act, 1971, empowers the CAG to audit the Consolidated Fund of India and States, government companies, and any other bodies or authorities substantially financed by government grants or loans.
No comments yet. Be the first to start the discussion!