Which of the following statements about the Comptroller and Auditor General (CAG) of India is NOT correct?
1
The CAG is the head of the Indian Audit and Accounts Department
2
He is the guardian of the public purse and controls the entire financial system of the country at both the levels—the Centre and the sta
3
He can resign any time from his office by addressing the resignation letter to the Prime Minister
4
He holds office for a period of six years or upto the age of 65 years, whichever is earlier