SSC CGL Finance – Comptroller & Auditor General of India – Level 2 · Exam Level · Paper III Sprint
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Sixth Schedule para 7(3); Union and State forms are prescribed by the President (Art.
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SSC CGL Finance – Comptroller & Auditor General of India – Level 2 · Exam Level · Paper III Sprint – 15 questions, subject: Finance & Economics (Tier II Paper III). Every question has the correct answer with a one-line explanation; tap "Show Answer". Free practice for TNPSC, UPSC, SSC, Bank and RRB exams – Shanmugam IAS Academy, Coimbatore.
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1.
Statement-based
I. After ceasing to hold office, the CAG is not eligible for further office under the Government of India or of any State.
II. The CAG takes his oath in the form set out in the Third Schedule.
Which is/are correct?
I. After ceasing to hold office, the CAG is not eligible for further office under the Government of India or of any State.
II. The CAG takes his oath in the form set out in the Third Schedule.
Which is/are correct?
Correct Answer: A [Both I and II]
Explanation:
Answer: Both I and II. Art. 148(4) and 148(2).
2.
Who ascertains and certifies the 'net proceeds' of any tax or duty, with that certificate being final?
Correct Answer: D [The CAG]
Explanation:
Answer: The CAG. Art. 279(1).
3.
Match the followingMatch:
P. Article 149 Q. Article 150 R. Article 151
1. Audit reports 2. Duties and powers 3. Form of accounts
P. Article 149 Q. Article 150 R. Article 151
1. Audit reports 2. Duties and powers 3. Form of accounts
Correct Answer: B [P-2, Q-3, R-1]
Explanation:
149 What, 150 Form, 151 Report.
4.
Assertion–Reason
A: Parliament does not vote on the CAG's salary every year.
R: The administrative expenses of the CAG's office are charged upon the Consolidated Fund of India.
A: Parliament does not vote on the CAG's salary every year.
R: The administrative expenses of the CAG's office are charged upon the Consolidated Fund of India.
Correct Answer: C [Both A and R are true and R explains A]
Explanation:
Charged expenditure is not put to vote – Art.
5.
Under s. 14 of the DPC Act, a body is 'substantially financed' if its government grants or loans in a year are:
Correct Answer: B [not less than ₹ 25 lakh and not less than 75% of its total expenditure]
Explanation:
Explanation to s. 14 – both conditions (India Code text).
6.
A trust spends ₹ 50 lakh a year; ₹ 40 lakh of it comes as State grants. Under s. 14 it is:
Correct Answer: A [substantially financed (80% and ₹ 40 lakh)]
Explanation:
40 ≥ 25 and 40/50 = 80% ≥ 75%.
7.
The audit of Government companies by the CAG is governed by which section of the DPC Act?
Correct Answer: C [Section 19]
Explanation:
s. 19 – under the Companies Act; s.
8.
The Committee on Public Undertakings consists of:
Correct Answer: D [15 members of Lok Sabha and 7 of Rajya Sabha]
Explanation:
COPU = 22 (15 + 7), like the PAC.
9.
Which kind of audit asks whether a scheme achieved its objectives with economy, efficiency and effectiveness?
Correct Answer: C [Performance audit]
Explanation:
As described on cag.gov.in FAQs.
10.
Under Article 151(2), the CAG's reports relating to the accounts of a State are laid before the State Legislature by order of the:
Correct Answer: A [Governor]
Explanation:
Submitted to the Governor, who causes them to be laid.
11.
Arrange in orderArrange in the order in which an audit finding on a Union ministry reaches action: (1) PAC examines it (2) report laid in Parliament (3) CAG signs the report (4) submitted to the President (5) Action Taken Note by the ministry
Correct Answer: D [3, 4, 2, 1, 5]
Explanation:
Sign → President → laid → PAC → ATN.
12.
Spot My Mistake“The Attorney General and the CAG both have the right to speak in Parliament.” Correct version:
Correct Answer: B [Only the Attorney General has that right (Art. 88)]
Explanation:
Art. 88 gives the right to the Attorney General, not to the CAG.
13.
Two-quantity comparison
Quantity I: maximum term of the CAG in years under the DPC Act
Quantity II: number of Articles from 148 to 151 (both included)
Quantity I: maximum term of the CAG in years under the DPC Act
Quantity II: number of Articles from 148 to 151 (both included)
Correct Answer: A [Quantity I > Quantity II]
Explanation:
6 years vs 4 articles → I is greater.
14.
The DPC Act, 1971 is which Act of Parliament?
Correct Answer: D [Act 56 of 1971]
Explanation:
India Code: Act No. 56 of 1971 (Act 2 of 1984 is an amending Act).
15.
The CAG prescribes, with the approval of the President, the form of accounts of:
Correct Answer: B [District and Regional Councils (Sixth Schedule)]
Explanation:
Sixth Schedule para 7(3); Union and State forms are prescribed by the President (Art.
➤ Full notes, shortcuts and every answer explained – SSC CGL 2026 Finance & Economics (Tier II Paper III) book (₹149): www.shanmugamiasacademy.in/study-materials/ssc-cgl-finance-economics
📘 SSC CGL 2026 – General Studies – Finance & Economics (Tier II Paper III)
Here you get the answer with a one-line explanation. 1,064 original questions with worked answers · Part A Finance & Accounts and Part B Economics & Governance notes · practice sets + 3 mock tests
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