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Correct Option is 1 and 3

"The CAG submits three audit reports to the President—audit report on appropriation accounts, an audit report on financial accounts, and the audit report on public undertakings. The President lays these reports before both the Houses of Parliament. After this, the Public Accounts Committee examines them and reports its findings to the Parliament. The appropriation accounts compare the actual expenditure with the expenditure sanctioned by the Parliament through the Appropriation Act, while the finance accounts show the annual receipts and disbursements of the Union government."

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