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Question

The Economic Survey of India is published by:

The correct answer is

Department of Economic Affairs

The question asks about the government body responsible for publishing the Economic Survey of India. The Economic Survey is a key document that provides an annual economic report card for the country, reviewing the performance of the Indian economy over the past year.

Understanding the Publisher of the Economic Survey of India

The Economic Survey of India is an important annual document presented in the Parliament just before the Union Budget. It details the state of the Indian economy, outlining major government programs and highlighting policy issues.

Several departments operate under the Ministry of Finance in the Government of India. These include the Department of Economic Affairs, the Department of Expenditure, the Department of Revenue, the Department of Financial Services, and the Department of Investment and Public Asset Management (DIPAM).

Let's look at the options provided:

  • Department of Financial Services: This department is responsible for policies relating to the banking sector, insurance sector, pension sector, and financial markets, excluding capital markets. It is not the publisher of the Economic Survey of India.
  • Department of Economic Affairs: This department is the nodal agency of the Union Government to formulate and monitor macroeconomic policies, including issues related to fiscal policy, monetary policy, capital markets, public finance, and the external sector. It is responsible for preparing and presenting the Union Budget to Parliament and also publishes the Economic Survey of India.
  • Department of Revenue: This department functions under the overall direction and control of the Secretary (Revenue). It is responsible for the administration of direct and indirect federal taxes through the Central Board of Direct Taxes (CBDT) and the Central Board of Indirect Taxes and Customs (CBIC). It does not publish the Economic Survey of India.
  • Department of Public Expenditure: This is not a recognized department name under the Ministry of Finance in India. The correct name is the Department of Expenditure, which is the nodal department for overseeing the public financial management system in the Central Government and is responsible for expenditure management in the Central Government. It does not publish the Economic Survey of India.

Based on the roles and responsibilities of the various departments within the Ministry of Finance, the Economic Survey of India is prepared and published by the Department of Economic Affairs.

Key Takeaway on Economic Survey Publication

The Economic Survey of India is a crucial document for understanding the country's economic performance and outlook. Its publication is specifically handled by the Department of Economic Affairs.

Government Body Primary Responsibility (Related to options) Publishes Economic Survey?
Department of Financial Services Banking, Insurance, Pensions No
Department of Economic Affairs Macroeconomic policy, Budget, Capital Markets Yes
Department of Revenue Tax administration (Direct and Indirect) No
Department of Expenditure Public financial management, Expenditure control No

Revision Table: Economic Survey of India

Aspect Detail
Document Name Economic Survey of India
Purpose Review of the Indian economy, policy analysis
Timing Annual, presented before the Union Budget
Publishing Body Department of Economic Affairs, Ministry of Finance

Additional Information: Ministry of Finance Departments

The Ministry of Finance oversees various critical functions of the Indian government related to finance and economy. Key departments within this ministry include:

  • Department of Economic Affairs: Responsible for formulating and monitoring the country's economic policies, including preparing the Union Budget and the Economic Survey of India.
  • Department of Expenditure: Deals with the financial management of the Central Government's expenditure.
  • Department of Revenue: Concerned with the collection of direct and indirect taxes.
  • Department of Financial Services: Focuses on the policies related to banks, insurance companies, pension funds, and other financial institutions.
  • Department of Investment and Public Asset Management (DIPAM): Handles matters related to the management of the Central Government's investments and disinvestment.

Understanding the specific roles of these departments helps clarify which body is responsible for publishing the Economic Survey of India.

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Important Questions from Political dimensions

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  3. The Election Commission recognizes a political party as a national party if

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    Select the correct answer using the code given below:
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