Which one of the following is responsible for the preparation and presentation of Union Budget ?
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Option 1 : Department of Economic Affairs
|
Department |
Function |
|
Department of Economic Affairs |
A principal responsibility of this Department is the preparation and presentation of the Union Budget |
|
Department of Revenue |
It exercises control in respect of matters relating to all the Direct and Indirect Union Taxes |
|
Department of Expenditure |
Nodal Department for overseeing the public financial management system in the Central Government and matters connected with state finances. |
|
Department of Financial Services |
Covers the functioning of Banks, Financial Institutions, Insurance Companies and the National Pension System |
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