Q. With reference to the Comptroller and Auditor General (CAG) of India, consider the following statements:
1.The Constitution of India provides for the office of the CAG under Article 148, who heads the Indian Audit and Accounts Department.
2.Comptroller and Auditor General of India oversees the financial system at both the Central and State levels.
Which of the statements given above is/are correct?
Quarterly-SFG-Jan-to-March
Red Book

[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 nor 2

Answer: C
Notes:

Explanation:

  • Article 148 of the Constitution of India provides for the office of the Comptroller and Auditor General (CAG), who is the head of the Indian Audit and Accounts Department and functions as the guardian of the public purse.
  • The Comptroller and Auditor General of India is regarded as the guardian of the public purse, entrusted with overseeing the financial system at both the Central and State levels.

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