October Quiz

Question 1/5
Q1. With reference to the performance audit by the Comptroller and Auditor General of India (CAG), consider the following statements:
  1. It is the mandatory constitutional obligation of the CAG to conduct a performance and efficiency audit to question the executive’s wisdom and economy.
  2. Public Sector Banks (PSBs) are out of the purview of the performance audit of the CAG.
Which of the statements given above is/are correct?