Which one of the following is responsible for the preparation and presentation of Union Budget to the Parliament?
|A|| Department of Revenue|
|B|| Department of Economic Affairs|
|C|| Department of Financial Services|
|D|| Department of Expenditure|
Ans. B Exp: Department of Economic Affairs (DEA) of the Ministry of Finance is the nodal agency of the Union Government to formulate and monitor country’s economic policies and programmes having a bearing on domestic and international aspects of economic management. A principal responsibility of this Department is the preparation of the Union Budget annually (excluding the Railway Budget).