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WBCS Main Examination 2023 — Paper III: General Studies I · Question 198 of 200

Q198
Geography (incl. West Bengal)Minerals, Energy & Industry
Which organization is responsible for formulating and enforcing economic policy in India?
  1. a.Ministry of Finance
  2. b.Ministry of Commerce and Industry
  3. c.NITI Aayog
  4. d.Planning Commission

Answer: (A) Ministry of Finance

Answer as of 2023 — this may have changed since.

The Ministry of Finance frames and implements the government's economic policy, including fiscal policy, the Budget, taxation and financial regulation. NITI Aayog is an advisory think-tank without enforcement powers, the Planning Commission was abolished in 2015, and Commerce and Industry deals only with trade and industry.

Q197 Whole paperQ199