UPSC Prelims PYQ 2010: Who prepares and presents the Union Budget?
Which one of the following is responsible for the preparation and presentation of the Union Budget to the Parliament?
- Department of Revenue
- Department of Economic Affairs
- Department of Financial Services
- Department of Expenditure
Explanation
Option (b) is correct
- The Union Budget is prepared under the Ministry of Finance. Within the Ministry, the Department of Economic Affairs is responsible for budget formulation, fiscal policy, and presentation of the Budget to Parliament.
Answer: (b) Department of Economic Affairs
