Correct Option (d):
The duty to control the receipt and issue of public money, and to ensure that the public revenue is lodged in the exchequer, is not performed by the Comptroller and Auditor General of India (CAG). The CAG's primary role is that of an external auditor, focusing on the legality, propriety, and efficiency of public expenditure after it has occurred (post-facto audit). The real-time control over the receipt and disbursement of public funds is an executive function, typically managed by the Ministry of Finance and the treasury system.
The duties and powers of the CAG are outlined in Article 149 of the Constitution and further elaborated in the Comptroller and Auditor General's (Duties, Powers and Conditions of Service) Act, 1971.
Incorrect Options:
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Option (a): To audit and report on all expenditure from the Consolidated Fund of India is a fundamental duty of the CAG. This includes expenditures from the Consolidated Fund of the Union, states, and Union Territories having a Legislative Assembly (Article 150 and 151).
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Option (b): To audit and report on all expenditure from the Contingency Funds and Public Accounts of both the Union and the states is also a core function of the CAG.
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Option (c): To audit and report on all trading, manufacturing, profit and loss accounts of government companies, corporations, and other bodies where mandated by law or presidential order, falls within the CAG's purview.