alleryStart learning →Which of these does the CAG audit as a duty under the 1971 Act?
ABooks of private partnerships
BPersonal income tax returns
CAccounts of listed private banks
DAudit of loans and grants to bodies
Answer & Solution
Correct answer: D. Audit of loans and grants to bodies
The Act includes audit of grants and loans given by Government to bodies and authorities for specific purposes.
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Related questions
Section 23 empowers the CAG to make regulations onRules under Section 22 are laid before Parliament for a total period ofSection 20 entrusts an audit to the CAG only where it is expedient inUnder Section 20(1), the CAG audits a body not entrusted to him by law if requested byUnder Section 19A, the Centre lays CAG company reports beforeBefore a Section 19(3) request is made, the corporation must be given a chance toUnder Section 19(3), who may request the CAG to audit a corporation created by State law?Under Section 19(2), a statutory corporation of Parliament is audited by the CAG per its