[amp_mcq option1=”Budget preparation” option2=”Implementation of fiscal policies” option3=”Revenue collection and expenditure monitoring” option4=”All of the above” correct=”option4″]
The correct answer is: d) All of the above
The Finance Department is responsible for the following key roles in Sikkim:
- Budget preparation: The Finance Department prepares the annual budget for the state government. The budget is a financial plan that outlines the government’s revenue and expenditure for the coming year.
- Implementation of fiscal policies: The Finance Department is responsible for implementing the state government’s fiscal policies. Fiscal policies are government policies that affect the economy through taxation, spending, and borrowing.
- Revenue collection and expenditure monitoring: The Finance Department is responsible for collecting revenue and monitoring expenditure for the state government. Revenue is money that the government collects from taxes, fees, and other sources. Expenditure is money that the government spends on goods and services.
The Finance Department is a critical part of the state government. It plays a key role in ensuring that the government has the resources it needs to provide essential services to the people of Sikkim.