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With reference Comptroller and Auditor General of India (CAG)
1.CAG holds office for a period of five years or up to the age of sixty-five years.
2.CAG submits his audit reports relating to the accounts of a state to the State governor.
3.It has often been criticized that due to CAG’s rigid behavior PSU’s ceases to be flexible in today’s competitive environment.
How many of the statement given above is/are correct?
Only One
Only Two
All Three
None
2 and 3 only
"CAG holds office for a period of five years or up to the age of sixty-five years." - This statement is incorrect. The Comptroller and Auditor General of India (CAG) does not have a fixed term of office. The term is not defined by a specific number of years or age.
"CAG submits his audit reports relating to the accounts of a state to the State governor." - This statement is correct. The audit reports of the CAG related to the accounts of a state are submitted to the Governor of the state.
"It has often been criticized that due to CAG’s rigid behavior PSU’s cease to be flexible in today’s competitive environment." - This statement is correct. There have been criticisms that the rigid auditing practices of the CAG may affect the flexibility of Public Sector Undertakings (PSUs) in a competitive environment.
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