2026 · Q20
Under the Ministry of Finance, which Department is responsible for giving advice on economic issues having a bearing on internal and external aspects of economy including foreign exchange management?
General KnowledgeIndian Economy
- ADepartment of Economic Affairs
- BDepartment of Expenditure
- CDepartment of Investment and Public Asset Management
- DDepartment of Financial Services
Explanation
The Department of Economic Affairs is the Finance Ministry's nodal department for economic policy, advising on economic issues with a bearing on both the internal and external aspects of the economy, including foreign exchange management and the preparation of the Union Budget. The answer is (A).