Winners' Dashboard
Demo Classes
+91 99714 44054
info@manulawclasses.com
Today in History ( January 16th,1681)
16 January 1681 – The grand coronation of Sambhaji, son of Chhatrapati Shivaji, took place at Raigad fort in Maharashtra.
Let’s Revise
Q.1) Who is the Comptroller and Auditor General of India (CAG) appointed by?
A) President of India
B) Prime Minister of India
C) Parliament of India
D) Chief Justice of India
Answer: A)
Explanation: The Comptroller and Auditor General of India (CAG) is appointed by the President of India under Article 148 of the Constitution of India.
Q.2) What is the main function of the Comptroller and Auditor General of India (CAG)?
A) Formulating policies for the government
B) Auditing the accounts of the Union and State governments
C) Enforcing the laws of the country
D) Appointing judges to the Supreme Court
Answer: B)
Explanation: The primary function of the CAG is to audit the accounts of the Union and State governments in India. The CAG ensures that government spending is in accordance with the law and maintains transparency and accountability in the financial operations of the government.
Q.3) Which article of the Indian Constitution deals with the Comptroller and Auditor General of India (CAG)?
A) Article 124
B) Article 148
C) Article 356
D) Article 80
Answer: B)
Explanation: Article 148 of the Indian Constitution deals with the office of the Comptroller and Auditor General of India, outlining the CAG’s powers, functions, and duties.
Q.4) For which of the following bodies does the Comptroller and Auditor General (CAG) is called as friend and philosopher?
A) Lok Sabha
B) Rajya Sabha
C) President of India
D) Public Accounts Committee (PAC) of Parliament
Answer: D)
Explanation: CAG has been described as a friend, philosopher, and guide to the Public Accounts Committee(PAC). The members of the PAC are the member of Parliament.
Q.5) How long is the term of office for the Comptroller and Auditor General of India?
A) 5 years
B) 6 years
C) 4 years
D) Until the age of 65
Answer: D)
Explanation: The term of office of the Comptroller and Auditor General of India is not fixed in terms of years but continues until the CAG reaches the age of 65 or until the person resigns or is removed by the President of India.
Q.6) What is the primary role of the CAG’s audit reports?
A) Provide financial recommendations
B) Ensure compliance with taxation laws
C) Hold the government accountable for its finances
D) Draft the national budget
Answer: C)
Explanation: The primary role of the CAG’s audit reports is to ensure that government finances are managed responsibly and transparently. The CAG helps hold the government accountable for public expenditure, ensuring it aligns with approved budgets and laws.
Q.7) Which of the following reports does the Comptroller and Auditor General of India present annually?
A) Report on the Government’s Tax Policy
B) Report on the Government’s Financial Management
C) Report on the Consolidated Fund of India
D) Report on the National Security Budget
Answer: B)
Explanation: The CAG presents an annual report on the financial management of the government, covering aspects such as public expenditure, the handling of funds, and compliance with financial norms.
Q.8) The Comptroller and Auditor General of India is a part of which institution?
A) Judiciary
B) Executive
C) Legislature
D) None of the above
Answer: D)
Explanation: The Comptroller and Auditor General of India is an independent constitutional office, not part of the executive, judiciary, or legislature. It functions independently to audit and report on the financial operations of the government.
Q.9) To whom does the Comptroller-General of India present the accounts of the Union?
A) Hon. Finance Minister
B) Hon. Prime Minister
C) Hon. President
D) None of the above
Answer: C)
Explanation: The Comptroller-General of India presents the accounts of the Union Hon. President. They have the authority to audit all revenue and expenditures made by the Indian government and state governments, as well as those of corporations and autonomous entities that receive significant government funding.
Q.10.The Comptroller and Auditor General of India is a ____________.
A) two-member body
B) three-member body
C) single-member body
D) six-member body
Answer: C)
Explanation: According to Article 148 of the Indian Constitution, the Comptroller and Auditor General of India is the country’s top auditing body. It is a single member body. They have the authority to examine every rupee that the Indian government and the state governments receive and spend. The CAG is also the statutory auditor of Government-owned corporations. It performs extra audits of government-owned businesses or the subsidiaries of existing government-owned businesses in which the government owns at least a 51 per cent equity stake. In terms of precedent, the CAG is placed ninth and has the same authority as a sitting Supreme Court of India judge.
Summary of Today’s News
Israel-Hamas ceasefire deal is ready, says USA and Hamas
• Israel and Hamas have agreed to a ceasefire deal after weeks of negotiations in Doha, Qatar.
• The deal includes a six-week halt to fighting and discussions to end the war.
• It promises the phased release of dozens of hostages held by Hamas and Israel, along with hundreds of Palestinian prisoners in Israeli custody.
• The ceasefire will allow displaced Palestinians to return to their homes and send humanitarian aid to Gaza.
• Final details of the deal are still being finalized, with Israeli Prime Minister Netanyahu’s office indicating approval is needed from his Cabinet.
• Over six weeks, 33 hostages will be freed, but the timeline for Palestinian returns and the long-term effects of the deal remain unclear.
• The agreement may lead to discussions on ending the war, but Hamas demands a full withdrawal of Israeli troops.
• The war, which began with Hamas’s October 7, 2023, attack, has caused over 46,000 Palestinian deaths and displaced about 90% of Gaza’s population.
• Previous ceasefire efforts, including a November 2023 truce and a U.S.-brokered outline in May 2024, had limited success.
• The U.S., Egypt, and Qatar have been key brokers in these negotiations.
“The Red Flag as China’s Expansionist Strategy Rolls On”
Recent Chinese Aggression:
India faces two key Chinese actions threatening its sovereignty:
1. Dam Construction: China’s plan to build a dam on the Yarlung Zangbo River (Brahmaputra) near the China-India border.
2. Creation of New Counties: Establishment of two new counties in Ladakh by China.
India’s Response:
• Strong condemnation of Chinese actions, declaring them illegal and a challenge to sovereignty.
• Monitoring the situation and preparing necessary measures to safeguard national interests.
Transboundary Water Issues:
• The Chinese dam poses risks to water security in India, Bangladesh, Nepal, Bhutan, and Pakistan, as it could reduce downstream water flow, impacting agriculture, fisheries, and biodiversity.
• Potential flood risks from uncontrolled dam water release, especially during monsoon or geopolitical tensions.
China’s Territorial Strategy:
• Cartographic aggression, including renaming locations and establishing settlements in disputed regions, to assert control.
• Claims over territories like Arunachal Pradesh and actions in Nepal and Bhutan.
• China’s use of maps is not legally valid under international law, but physical presence in disputed areas could complicate matters for India.
Regional Disputes:
• Other South Asian countries, including Nepal and Bhutan, face similar territorial encroachments from China.
• China’s expansionist policies strain regional relations, with South Asian countries opting for bilateral approaches rather than collective responses.
Need for Collective South Asian Response:
• India, as the regional power, should lead efforts for a unified approach to counter China’s assertiveness.
• A collective strategy involving regional forums, multilateral institutions, and diplomatic coordination is essential to strengthen South Asia’s position against China’s territorial ambitions.
