n NISM Certifications
XV NISM Series XV
Medium

Which government agency acts as the nodal authority for formulating and monitoring India’s macroeconomic policies, including fiscal and monetary policies as well as the functioning of capital markets like stock exchanges?

Practice question from NISM XV Mock Test 7 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Department of Revenue

  2. Department of Economic Affairs

    Correct answer

  3. C

    Department of Expenditure

  4. D

    Department of Financial Services

Why this is the answer

DEA oversees fiscal/monetary policies and capital markets. Other departments focus on narrower administrative roles. Here’s your set of questions Q31–Q51 formatted in the professional, self-contained style you requested, with clear explanations in paragraph form:

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