| In India, other than ensuring that public funds are used efficiently and for intended purpose, what is the importance of the office of the Comptroller and Auditor General (CAG)? |
| 1. CAG exercises exchequer control on behalf of the Parliament when the President of India declares national emergency/ financial emergency. |
| 2. CAG reports on the execution of projects or programmes by the ministries are discussed by the Public Accounts Committee. |
| 3. Information from CAG reports can be used by investigating agencies to press charges against those who have violated the law while managing public finances. |
| 4. While dealing with the audit and accounting of government companies, CAG has certain judicial powers for prosecuting those who violate the law. |
| Which of the statement(s) given above is/are correct? |
A) 1, 3 and 4
B) Only 2
C) 2 and 3
D) All of these
Correct Answer: C
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