The correct answer is A) Comptroller and Auditor General of India (CAG).
The CAG is an independent constitutional body established by the Constitution of India to audit the accounts of the Union and the States. It is also responsible for auditing the accounts of all bodies and authorities established by the Union or the States, other than bodies or authorities that are specifically exempted by Parliament or the State Legislature.
The CAG is headed by the Comptroller and Auditor General of India, who is appointed by the President of India on the advice of the Prime Minister. The CAG is assisted by a number of Deputy Comptrollers and Auditors General, Accountants General, and other officers and staff.
The CAG’s main functions are to audit the accounts of the Union and the States, and to report on the results of such audits to the President of India and the State Governors. The CAG is also responsible for auditing the accounts of all bodies and authorities established by the Union or the States, other than bodies or authorities that are specifically exempted by Parliament or the State Legislature.
The CAG’s reports are laid before Parliament and the State Legislatures, respectively. The CAG also has the power to conduct investigations into the affairs of any body or authority established by the Union or the States, other than bodies or authorities that are specifically exempted by Parliament or the State Legislature.
The CAG is an important institution in the Indian system of government. It plays a vital role in ensuring accountability and transparency in the functioning of the government.
The other options are incorrect because:
- The 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.
- The NITI Aayog is a policy think tank of the Government of India. It was set up in 2015 to replace the Planning Commission.
- The Ministry of Finance is a ministry of the Government of India that is responsible for the formulation and implementation of financial policies.