{"id":61858,"date":"2024-04-20T08:45:16","date_gmt":"2024-04-20T08:45:16","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=61858"},"modified":"2024-04-20T08:45:16","modified_gmt":"2024-04-20T08:45:16","slug":"which-institution-conducts-an-audit-of-the-odisha-governments-accounts","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/which-institution-conducts-an-audit-of-the-odisha-governments-accounts\/","title":{"rendered":"Which institution conducts an audit of the Odisha government’s accounts?"},"content":{"rendered":"

[amp_mcq option1=”Reserve Bank of India” option2=”NITI Aayog” option3=”Comptroller and Auditor General of India” option4=”Finance Commission” correct=”option3″]<\/p>\n

The correct answer is c) Comptroller and Auditor General of India (CAG).<\/p>\n

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 that receive money from the Consolidated Fund of India or the Consolidated Fund of a State.<\/p>\n

The CAG is headed by the Comptroller and Auditor General of India, who is appointed by the President of India on the recommendation of a select committee of Parliament. The CAG holds office for a term of six years or until he attains the age of 65 years, whichever is earlier.<\/p>\n

The CAG submits an annual report to the President of India, which is laid before Parliament. The CAG also submits special reports to Parliament on matters of public importance.<\/p>\n

The CAG has the power to inspect all offices of the Union and the States, and to call for all records and documents relating to the accounts of the Union and the States. The CAG also has the power to examine the accounts of all bodies and authorities that receive money from the Consolidated Fund of India or the Consolidated Fund of a State.<\/p>\n

The CAG’s reports are very important, as they provide Parliament with information on the financial affairs of the Union and the States. The CAG’s reports have also been instrumental in bringing to light a number of financial irregularities and scams.<\/p>\n

The CAG is a very important institution in the Indian system of government. It plays a vital role in ensuring that the Union and the States are accountable for their financial dealings.<\/p>\n

The other options are incorrect because:<\/p>\n