Consider the following statements 1 The department is responsible for preparation and presentation o...........

Indian Polity Others

Consider the following statements.

1) The department is responsible for preparation and presentation of Union Budget to the Parliament.

2) External financial assistance received by India can be monitored by this department.

3) The department also deals with policies and programmes relating to designs/security features of bank notes and coins.

The above refer to which of the following departments in the Union Government?

Department of Financial Services

Department of Revenue

Department of Economic Affairs

Department of Budget

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Explanation:

The Department of Economic Affairs (DEA) inter alia monitors current economic trends and advises the Government on all matters having bearing on internal and external aspects of economic management including, prices, credit, fiscal and monetary policy and investment regulations. All the external, financial and technical assistance received by India, except through specialized international organizations like FAO, ILO, UNIDO and except under international bilateral specific agreement in the field of science and technology, culture and education are also monitored by this department.