Question:
Which among the following is not a deptt under Ministry of Finance?
Which among the following is not a deptt under Ministry of Finance?
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Recall the real departments of the Ministry of Finance: Economic Affairs, Expenditure, Revenue, Financial Services, and Disinvestment (DIPAM); fraud detection is not one of them.
Updated On: Jul 15, 2026
- Department of Expenditure
- Department of Financial Services
- Department of Detection of Financial Frauds
- Department of Disinvestment
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The Correct Option is C
Solution and Explanation
This question is about the actual departments that make up India's Ministry of Finance. The Ministry of Finance is divided into a fixed set of departments, each handling a specific area of government finance.
- Department of Expenditure: This is a real department under the Ministry of Finance. It oversees public spending by the central government, including salaries, pensions, and finances of state governments through central transfers.
- Department of Financial Services: This is also a genuine department under the Ministry of Finance. It looks after banks, insurance companies, and pension funds in the public sector.
- Department of Detection of Financial Frauds: No such department exists under the Ministry of Finance. Detecting financial fraud is handled by other bodies and agencies, such as the Central Bureau of Investigation, the Enforcement Directorate, and the Serious Fraud Investigation Office, not by a department with this name inside the Finance Ministry.
- Department of Disinvestment: This was indeed a department under the Ministry of Finance at the time, responsible for the sale of government stakes in public sector companies; it was later renamed the Department of Investment and Public Asset Management.
The correct option is Department of Detection of Financial Frauds because this name does not correspond to any actual department of the Ministry of Finance.
Let's summarize:
- Real departments under the Ministry of Finance include Economic Affairs, Expenditure, Revenue, Financial Services, and Disinvestment, now called DIPAM.
- Department of Detection of Financial Frauds is not one of them; fraud detection is done by separate agencies like the CBI and Enforcement Directorate.
So the Department of Detection of Financial Frauds is not a department under the Ministry of Finance.
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