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Option 4 : 1, 2 and 3
The correct answer is option 4 i.e. 1, 2 and 3
- The 'Ministry of Finance' comprises of the five Departments namely -
| Ministry | Department |
| Ministry of Finance |
|
- The Department of Financial Services covers the functioning of Banks, Financial Institutions, Insurance Companies, and the National Pension System.
- The Department of Expenditure is the nodal Department for overseeing the public financial management system in the Central Government and matters connected with state finances.
- The Department of Revenue controls in respect of matters relating to all the Direct and Indirect Taxes.
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