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The Monetary System

Which one of ...

Question

Which one of the following is responsible for the preparation and presentation of Union Budget to the Parliament?

A

Department of Revenue

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B

Department of Economic Affairs

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C

Department of Financial Services

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D

Department of Expenditure

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Solution

The correct option is B Department of Economic Affairs
The Finance Ministry of India is an important ministry concerned with the economy of India. It is comprised of five departments one of which is the Department of Economic Affairs. It is the nodal agency of central government whose principal task is to prepare and present the Union Budget before the Parliament.

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