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Statement I: Financial accountability of the Union Government to Parliament is ensured through the reports of the Comptroller and Auditor General.

Statement II: The Comptroller and Auditor General has to submit the report to the President who causes it to be laid before the Lok Sabha.

Codes:

A) Both the statements are individually true and Statement II is the correct explanation of Statement I.

B) Both the statements are individually true but Statement II is not the correct explanation of Statement I.

C) Statement I is true but Statement II is false.

D) Statement I is false but Statement II is true.