0 of 33 Questions completed
You have already completed the quiz before. Hence you can not start it again.
Quiz is loading…
You must sign in or sign up to start the quiz.
You must first complete the following:
0 of 33 Questions answered correctly
Time has elapsed
You have reached 0 of 0 point(s), (0)
Earned Point(s): 0 of 0, (0)
0 Essay(s) Pending (Possible Point(s): 0)
|Table is loading|
|No data available|
Categories for organisation of PSUs includes:
A “Government Company” is defined under section ____ of the Companies Act, 2013.
A “Government Company” is a company in which _____________of the paid-up share capital is held by the Central Government or by any State Government or Governments or partly by the Central Government and partly by one or more State Governments, and includes a company which is a subsidiary company of such a Government company.
In India, audit of the above government companies is performed by an independent constitutional authority, i.e., ________________
In India, audit of the above government companies is performed by an independent constitutional authority, i.e. Comptroller and Auditor General of India (C&AG), through ________________.
C&AG is appointed by
Salary and other conditions of service is to be determined by:
Special procedure for removal of C&AG, only on the ground of
_______ prescribes appointment of C&AG.
_________ prescribes such form in which accounts of the Union and States shall be kept.
C&AG to hold office for a term of ______
The number of organisations subject to the audit of the Comptroller and Auditor General of India is very large. This includes:
The role of C&AG regarding Audit of Government Companies includes:
The constitution of Audit Boards for conducting comprehensive audit appraisals of the working of Public Sector Enterprises engaged in diverse sectors of the economy by
It is the duty of the Public Accounts Committee to satisfy itself:
The Committee does NOT examines the estimates with a view to:
The Committee on Public Undertakings exercises the same financial control on the public sector undertakings as the _____ exercises over the functioning of the Government departments.
The functions of the Committee on Public Undertakings (CoPU) are –
The objective of the Financial Committees is NOT to focus on:
The Comptroller & Auditor General of India plays a key role in the functioning of the financial committees of
Audit conducted by C& AG
The audit of efficiency, economy and effectiveness with which these operate and fulfill their objectives and goals
This audit is directed towards an examination of management decisions in sales, purchases, contracts, etc. to see whether these have been taken in the best interests of the undertaking and conform to accepted principles of financial propriety.
Comprehensive Audit covers:
One of the purposes of audit of public enterprises in India is to help the Government and the enterprise managements improve their efficiency and effectiveness. This is achieved by:
Government Audit comprises of:
Fiscal Accountability includes audit of:
Managerial Accountability is also referred to as:
Managerial Accountability includes audit of:
Constitution of Supreme Audit Institution:
Responsible Parties in a PSU Audit are:
i) Auditable Entity
The information, condition or activity that is measured or evaluated against certain criteria is known as :
The benchmarks used to evaluate the subject matter is called as: