Question

Which of the following is not a staffing agency in India?
A. Cabinet secretariat
B. Cabinet committees
C. Planning commission
D. Economic affairs department

Answer 1

Hint: The department of Economic Affairs is the main body for the United government to formulate and monitor the country's economic policies and programs that are relevant to aspects of national and international economic governance.

Complete step by step answer:
The main responsibility of this department is to prepare and submit federal budgets to parliament and budget for state governments and union territory governments under the president's rule.
Functions:
1. Formulation and monitoring of macroeconomic policies, including fiscal and public finance issues, inflation, public debt management, and capital market functions, including the stock exchange. In this context, the means and means of increasing domestic resources through taxes, market credit, and small savings mobilization are examined.
2. Supervision and procurement of external resources through official multilateral and bilateral development assistance, foreign government loans, foreign investment, and control of foreign exchange resources, including the balance of payments;
3. Making banknotes and coins of various denominations, stationery, stamps; Human resource management, career planning, and Indian Economic Service (IES) training.
The Foreign Investment Promotion Board (FIPB), located in the Ministry of Economic Affairs of the Ministry of Finance, is an inter-ministerial body responsible for handling foreign direct investment proposals and making proposals for government approval. As Finance Minister Arun Jaitley announced in his 2017-2018 budget speech in Lok Sabha, FIPB is now abolished.
So, the correct answer is Option D.

Note: Stock exchange is a facility that allows stockbrokers and traders to buy and sell securities such as stocks, bonds, and other financial instruments. In 2020, Shri Tarun Bajaj is the secretary of the department of economic affairs.