MCQ Practice Single Best Answer Topic: Constitution MCQs

Q Which corporation is totally subjected to private audit?

Question ID
#9773
Subchapter
Constitution MCQs
Action
Choose one option below

Choose Your Answer

Click an option to check whether your answer is correct.

  • A Indian Airlines
  • B Reserve Bank of India
  • C Oil and
  • D Air India
Correct Answer: B

Explanation

Some corporations in India are totally subjected to private audit. Their audit is done exclusively by private professional auditors and the CAG does not come into the picture at all. Examples of such corporations include the Reserve Bank of India and the State Bank of India, who submit their annual reports and accounts directly to the Parliament of India.

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