Indian Polity · Indian Polity and Constitution
As per the CAG (Duties, Powers and Conditions of Service) Act, 1971, whose receipts and expenditures must be audited by the Comptroller and Auditor General if they are substantially financed from Union or State revenues?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Only international funding agencies operating within the territory of India
- 2Only municipal corporations with a population exceeding ten lakhs
- 3Only private non-governmental organizations operating on matching grants
- 4All bodies and authorities substantially financed from the Union or State revenues✓
Correct answer
All bodies and authorities substantially financed from the Union or State revenues
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