1. Department of Economic Affairs 
  2. Department of Revenue 
  3. Department of Expenditure 
  4. No option is correct. 
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1 Answers

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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