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QWhich corporation is totally subjected to private audit?

ID: #9773 Constitution MCQs 140 views
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#9773Q ID
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  • A Indian Airlines ✔ ✖
  • B Reserve Bank of India ✔ ✖
  • C Oil and ✔ ✖
  • D Air India ✔ ✖
Correct Answer: Option 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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