Question : The organization responsible for estimating poverty in India is:
Option 1: Reserve Bank of India
Option 2: Ministry of Finance
Option 3: Planning Commission (now NITI Aayog)
Option 4: Central Statistical Office
Correct Answer: Planning Commission (now NITI Aayog)
Solution : The correct answer is (c) Planning Commission (now NITI Aayog)
The Planning Commission was responsible for formulating India's five-year plans and monitoring their implementation. It also used to estimate poverty in India, using data from the National Sample Survey Office (NSSO). The NSSO conducts surveys on household consumption expenditure, which is used to calculate the poverty line.
In 2014, the Planning Commission was replaced by NITI Aayog. NITI Aayog is still responsible for estimating poverty in India. The latest poverty estimates were released by NITI Aayog in 2019. The estimates showed that the poverty ratio in India had declined from 21.9 % in 2011-12 to 17.9 % in 2017-18.
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Question : The Planning Commission in India was replaced by which organization in 2015?
Option 1: NITI Aayog
Option 3: Reserve Bank of India
Option 4: Ministry of Planning
Question : Economic Survey in India is published officially every year by the:
Option 2: NITI Aayog
Option 3: Ministry of Finance
Option 4: Ministry of Commerce
Question : Which organization is responsible for implementing the rural development programs in India?
Option 1: Reserve Bank of India (RBI)
Option 3: Ministry of Rural Development
Option 4: Planning Commission
Question : Which one of the following formulates the fiscal policy in India?
Option 1: Planning Commission
Option 2: Finance Commission
Option 4: Ministry of Finance
Question : The poverty line in India is based on the survey conducted by which of the following?
Option 1: Ministry of Finance
Option 2: Reserve Bank of India (RBI)
Option 4: National Statistical Office (NSO)
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