Question : In 2015, the Planning Commission was replaced with the _____.
Option 1: Monetary Policy Committee
Option 2: Competition Commission of India
Option 3: NaBFID
Option 4: NITI Aayog
Correct Answer: NITI Aayog
Solution : The correct answer is NITI Aayog .
Established in 2015 by the NDA government, NITI Aayog replaced the Planning Commission. The NITI Aayog council includes all state chief ministers, Chief Ministers of Delhi and Puducherry, Lieutenant Governors of Union Territories and a vice-chairman appointed by the prime minister. NITI Aayog is an abbreviated form for National Institution for Transforming India and acts as the primary public policy think tank for the Indian government. Its role involves driving economic development, promoting cooperative federalism and shifting from bargaining federalism by engaging state governments in the economic policy-making process, employing a bottom-up approach.
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