The correct answer is B) Comptroller and Auditor General of India (CAG).
The CAG is an independent constitutional body responsible for auditing the accounts of the central and state governments, as well as of public sector undertakings and other statutory bodies. It is headed by the Comptroller and Auditor General, who is appointed by the President of India on the recommendation of a select committee of Parliament.
The CAG’s main functions are to audit the accounts of the government and its departments, to report on the financial statements of the government, and to comment on the efficiency and economy of the government’s administration. The CAG’s reports are submitted to Parliament, which has the power to take action on them.
The CAG is an important institution in the Indian system of government. It plays a vital role in ensuring that the government is accountable to the people.
The other options are incorrect for the following reasons:
- Option A, Reserve Bank of India (RBI), is the central bank of India. It is responsible for formulating and implementing monetary policy, regulating the banking system, and issuing currency.
- Option C, Securities and Exchange Board of India (SEBI), is the regulator of the securities market in India. It is responsible for protecting the interests of investors and promoting the development of the securities market.
- Option D, Ministry of Finance, is a ministry of the Government of India that is responsible for the formulation and implementation of financial policies. It is not responsible for auditing the accounts of the government.