ECONOMICS (CBSE/UGC NET)

ECONOMICS

FEDERAL RESERVE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
How many political entities or groups exercise oversight over the Bureaucracy, including the Federal Reserve?
A
0:No one
B
1:Only the President
C
2:The President and Senate, but not the House
D
3:The President, Senate and House of Representatives
Explanation: 

Detailed explanation-1: -With over 2, 000 different agencies, the federal bureaucracy is almost certain to run into problems with organization, overlapping responsibilities, and efficiency. Almost every recent President has come into office determined to refashion and trim the bureaucracy.

Detailed explanation-2: -The cabinet departments, the largest administrative units in the federal bureaucracy, have responsibility for broad areas of government operations such as foreign policy (Department of State) and law enforcement (Department of Justice).

Detailed explanation-3: -Bureaucracy refers to both a body of non-elective government officials and an administrative policy-making group. Historically, a bureaucracy was a government administration managed by departments staffed with non-elected officials.

Detailed explanation-4: -Cabinet departments. Independent executive agencies. Independent regulatory agencies. Government corporations. Presidential commissions.

There is 1 question to complete.