Economics • Indian EconomyEasy
Which institutional body in Uttarakhand is responsible for formulating the annual state budget and overseeing fiscal policy implementation?
A. Finance Department of the Government of Uttarakhand✓ Correct Answer
B. Reserve Bank of India Central Board
C. NITI Aayog Governing Council
D. Securities and Exchange Board of India
💡 Solution & Explanation
The Finance Department of the Government of Uttarakhand prepares the annual financial statement or state budget, manages public debt, and monitors tax and non-tax revenue collections in accordance with fiscal responsibility legislation. The state legislature subsequently debates and approves these fiscal proposals. Comptroller and Auditor General audits these accounts annually.
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