Question : The Planning Commission of India was replaced by NITI Aayog in_____________.
Option 1: 2016
Option 2: 2015
Option 3: 2018
Option 4: 2017
Correct Answer: 2015
Solution : The correct answer is 2015.
The Planning Commission of India, established on March 15, 1950, to formulate 5-year plans, was replaced by NITI Aayog on January 1, 2015. Prime Minister Narendra Modi announced this transformation on Independence Day. The Planning Commission, initially modeled on the USSR's system, aimed to estimate India's capital and resources. NITI Aayog inaugurated as a policy think tank, marked a shift towards a more dynamic and inclusive approach to economic planning.
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