Question

With reference to the functions of the CAG which of the following statements is/are incorrect? 1. The executive can draw money from the public exchequer only with the approval of the CAG. 2. It audits Corporations like Life Insurance Corporation of India, Reserve Bank of India, State Bank of India, Food Corporation of India, and others. Select the answer using the codes given below:

A 1 only
B 2 only
C Both 1 and 2
D Neither 1 nor 2
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