Q. With reference to Comptroller and Auditor-General (CAG), consider the following statements:
1. It is a statutory body.
2. CAG is appointed by the President of India.
Which of the statements given above is/are correct?
Answer: B
Notes:
Statement 1 is incorrect: It is a constitutional body established under Article 148 of the Constitution of India. It audits all receipts and expenditure of the Government of India and the state governments, including those of bodies and authorities substantially financed by the government.
Statement 2 is correct: CAG is appointed by the President of India following a recommendation by the Prime Minister.
