Q1. Which of the following is a key function of the Controller General of Accounts (CGA)?
A Auditing the accounts of all state governments
B Reconciliation of Central Government cash balances with the Reserve Bank of India Correct
C Approving the Union Budget before Parliament
D Regulating monetary policy of the country
Explanation
The Controller General of Accounts (CGA) is the apex accounting authority of the Central Government. Its key functions include maintaining sound accounting systems across the Central Government, fiscal analysis and reporting, reconciliation of government cash balances with RBI, and pension disbursement through public sector banks. T.C.A. Kalyani was appointed as the 29th CGA in September 2025.