Economy PYQ 7 of 50 · Planning and NITI Aayog

Consider the following statements about NITI Aayog:

  • 1. NITI Aayog was established on 1 January 2018.
  • 2. It replaced the Planning Commission of India.
  • 3. Its full form is National Institution for Transforming India.
  • 4. The Chairman of NITI Aayog is the Prime Minister of India.

Which of the above statements are true?

  1. A1, 2, 3 and 4
  2. B2, 3 and 4
  3. C1, 3 and 4
  4. D1, 2 and 3

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Correct answer: (b) 2, 3 and 4

Explanation

NITI Aayog (National Institution for Transforming India) was set up by a Union Cabinet resolution on 1 January 2015, not 2018. It replaced the Planning Commission, which had worked since 1950.

The Prime Minister is its ex-officio Chairperson. Its first Vice-Chairperson was Arvind Panagariya and its first CEO Sindhushree Khullar. So statements 2, 3 and 4 are true, and statement 1 is false.

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