SSC CGL Finance – Comptroller & Auditor General of India – Exam-Level Drill

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SSC CGL Finance – Comptroller & Auditor General of India – Exam-Level Drill – 10 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. The CAG may resign by writing under his hand addressed to the President.
II. The CAG's term ends on completing 6 years even if he is younger than 65.
III. Parliament fixes the CAG's salary every year in the Budget.
Which are correct?

Correct Answer: D [I and II only]

Explanation:

s. 4 gives resignation and the 6-year limit; salary is fixed by s.

2.  
Which provision says that the CAG's leave, pension and age of retirement shall not be varied to his disadvantage after his appointment?

Correct Answer: C [Article 148(3)]

Explanation:

148(3) – salary and conditions, with the no-disadvantage proviso.

3.  
Which statement about the CAG and the Controller General of Accounts is correct?

Correct Answer: D [The DPC Act allows the President to relieve the CAG of compiling the Union's accounts]

Explanation:

s. 10: compilation may be taken away by order of the President/Governor after consultation.

4.  
Assertion–Reason
A: The CAG is called the 'friend, philosopher and guide' of the PAC.
R: The PAC's work is based mainly on the CAG's audit reports.

Correct Answer: C [Both A and R are true and R explains A]

Explanation:

The CAG's officers assist the PAC in examining his reports.

5.  
Match the followingMatch the DPC Act sections:
P. Section 3 Q. Section 4 R. Section 13 S. Section 19A
1. Term of office 2. Salary 3. Laying of reports on Government companies 4. General audit of expenditure

Correct Answer: B [P-2, Q-1, R-4, S-3]

Explanation:

As in the India Code text of the Act.

6.  
As on 15 October 2026, according to cag.gov.in, the CAG of India is:

Correct Answer: A [K. Sanjay Murthy]

Explanation:

Sworn in on 21 November 2024 (cag.gov.in, as on 15-10-2026).

7.  
According to the list of former CAGs on cag.gov.in, who held the office from 1948 to 1954?

Correct Answer: C [V. Narahari Rao]

Explanation:

First name in the post-Independence list (cag.gov.in, as on 15-10-2026).

8.  
A body receives ₹ 24 lakh of grants, which is 90% of its expenditure; no request or approval exists. Under the DPC Act it is:

Correct Answer: D [not substantially financed, because the ₹ 25 lakh condition fails]

Explanation:

Both conditions are needed – 24 < 25.

9.  
Chronological order(1) DPC Act enacted (2) V. Narahari Rao heads the office (3) K. Sanjay Murthy sworn in (4) s. 14 limit raised to ₹ 25 lakh

Correct Answer: B [2, 1, 4, 3]

Explanation:

Answer: 2, 1, 4, 3. 1948 → 1971 → 1984 → 2024.

10.  
A (fictional) audit finds: “The new bridge was built within budget, but traffic studies were not done, and it carries one-tenth of the planned vehicles.” This is mainly a:

Correct Answer: A [performance audit finding]

Explanation:

It judges results and effectiveness, not rules or accounts.

➤ 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)
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