Comptroller Auditor General

Official policy releases, schemes, circulars, and Prelims practice questions from Comptroller Auditor General distilled for UPSC Civil Services Examination.

🎯 Comptroller Auditor General UPSC Practice Questions

🎯 UPSC Prelims Practice Drill

Economy

With reference to the fiscal administration and accounting of the Union Government in India, consider the following statements: 1. The monthly actual accounts of receipts and expenditures of the Central Government are maintained by the Controller General of Accounts (CGA). 2. The final actual financial figures of the Central Government are audited by the Comptroller and Auditor General of India (CAG) before being presented to Parliament. 3. A lower nominal GDP growth rate compared to the budgeted estimate generally leads to an increase in direct taxes like corporation tax and indirect taxes like customs duties. Which of the statements given above are correct?

  • [A] 1 and 2 only
  • [B] 2 and 3 only
  • [C] 1 and 3 only
  • [D] 1, 2 and 3
▶ Reveal Official Answer & Analytical Explanation
✓ Correct Option: [A] 1 and 2 only

Statements 1 and 2 are correct: The Controller General of Accounts (CGA) maintains the actual monthly receipts and expenditure accounts of the central government, while the final actual numbers are audited by the Comptroller and Auditor General of India (CAG) and presented to Parliament. Statement 3 is incorrect: A lower nominal GDP growth rate (such as 7.5% instead of the budgeted 12% in 2019-20) negatively impacts tax collections, leading to declines in corporation tax, customs, and union excise duties.

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Official Policy Notifications & Dossiers

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