Q. Consider the following statements:
Assertion (A): Comptroller and Auditor General of India (CAG) is called as the guardian of the public purse.
Reason (R): He is the chairman of the Public Accounts committee.
Who among the following represents him in the Parliament?
Assertion (A) is correct: Article 148 of the Indian Constitution provides for the office of Comptroller and Auditor General of India as an independent office. He is the head of the Indian Audit and Accounts Department. He is called the guardian of the public purse, as he controls the entire financial system of the country at both the levels the Centre and the state.
Reason (R) is incorrect: The Public Accounts Committee has 22 members of which 15 are from Lok Sabha while 7 from Rajya Sabha. Chairman of PAC is appointed by the Speaker from its members. CAG is neither the Chairman nor a member of the Public Accounts Committee.