Question

Which of the following are not departments of the Finance Ministry?

(a) Department of Expenditure

(b) Department of Economic Affairs

(c) Department of Banking

(d) Department of Revenue

(e) Department of Budget

1. (b) and (c)
2. (c) and (d)
3. (c) and (e)
4. (b) and (e)

Answer 1

Correct Answer - Option 3 : (c) and (e)

The correct answer is (c) and (e).

• Departments of Finance Ministry organizational structure
  • Department of Economic Affairs
  • Department of Expenditure
  • Department of Revenue
  • Department of Financial Services
  • Department of Investment and Public Asset Management

• Ministry of Finance:
  • The Ministry of Finance is a ministry within the Government of India concerned with the economy of India, serving as the Indian Treasury Department.
  • In particular, it concerns itself with taxation, financial legislation, financial institutions, capital markets, center and state finances, and the Union Budget.
  • The Ministry of Finance is the apex controlling authority of the Indian Revenue Service, Indian Economic Service, Indian Cost Accounts Service, and Indian Civil Accounts Service.