Question : The Modi Government at the Central has formed NITI Aayog by replacing which one of the following?
Option 1: Fiscal Commission
Option 2: Finance Commission
Option 3: Agricultural Price Commission
Option 4: Planning Commission
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Correct Answer: Planning Commission
Solution : The correct answer is the Planning Commission.
The Planning Commission was established on March 15th, 1950, an advisory body whose primary goal was to create 5-year plans for the nation in line with the USSR. After Prime Minister Narendra Modi's significant announcement on Independence Day, which went into effect on January 1st, 2015, the Union Government replaced the Planning Commission with NITI Aayog.
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Question : In India, which of the following bodies is constitutional in nature?
Option 1: NITI Aayog
Option 2: National Human Rights Commission
Option 3: Central Vigilance Commission
Option 4: Finance Commission
Question : Which one of the following formulates the fiscal policy in India?
Option 1: Planning Commission
Option 3: Reserve Bank of India
Option 4: Ministry of Finance
Question : The Planning Commission in India was replaced by which organization in 2015?
Option 2: Ministry of Finance
Option 4: Ministry of Planning
Question : The era of five-year plans began in India with the establishment of______.
Option 1: The NITI Aayog
Option 2: The Parliament
Option 3: The Finance Commission
Option 4: The Planning Commission
Question : The organization responsible for estimating poverty in India is:
Option 1: Reserve Bank of India
Option 3: Planning Commission (now NITI Aayog)
Option 4: Central Statistical Office
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