New 👉 Ask your RBI Grade B 2025 Preparation Queries Here!!

    Question

    Consider the following statements regarding National

    Institution for Transforming India (NITI) Aayog:         I.            It does not possess a mandate to impose policies.       II.            It can allocate funds, which are vested in Finance Minister.     III.            It replaced the Planning Commission on 1st January, 2015. Which of the above statements is/are correct?
    A I only Correct Answer Incorrect Answer
    B II only Correct Answer Incorrect Answer
    C III only Correct Answer Incorrect Answer
    D I and III only Correct Answer Incorrect Answer
    E II and III only Correct Answer Incorrect Answer

    Solution

    National Institution for Transforming India (NITI) Aayog is the apex public policy think tank of the Government of India. It replaced the Planning Commission on 1st January, 2015 with emphasis on ‘Bottom –Up’ approach to envisage the vision of Maximum Governance, Minimum Government, echoing the spirit of ‘Cooperative Federalism’. Its ex-officio Chairperson is the Prime Minister and Vice-Chairperson is appointed by him. Governing Council: Chief Ministers of all states and Lt. Governors of Union Territories. It does not have powers to allocate funds, which are vested in Finance Minister.

    Practice Next