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The correct answer is option 3, which states that both statement I and statement II are correct.
Statement I states that the Comptroller and Auditor General of India can only be removed from office in the same manner and on the same grounds as a judge of the Supreme Court. This means that the process for removing the Comptroller and Auditor General of India is similar to the process for removing a judge of the Supreme Court. This ensures that the Comptroller and Auditor General of India has independence and protection from unwarranted removal.
Statement II states that the Comptroller and Auditor General of India is not eligible for any further office under the Government of India or any state government after ceasing to hold office. This means that once the Comptroller and Auditor General of India`s tenure is over, they cannot hold any other government office. This restriction is in place to ensure that there is no conflict of interest or bias in their future engagements.
Therefore, both statement I and statement II are correct in relation to the Comptroller and Auditor General of India.