Which one of the following is responsible for the preparation and presentation of the Union Budget to the Parliament? [2010] - PMF IAS

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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