CSEET · Economic and Business Environment · Indian Economy
NITI Aayog replaced which earlier body as the Government of India's principal policy think tank in 2015?
NITI Aayog replaced the Planning Commission in 2015. The Planning Commission, set up in 1950, drew up Five-Year Plans, whereas NITI Aayog works as a policy think tank. The Finance Commission and the RBI were not replaced by it.
- AFinance Commission
- BPlanning CommissionCorrect
- CNational Development Council
- DReserve Bank of India
Explanation
NITI Aayog (National Institution for Transforming India) was set up on 1 January 2015 and took the place of the Planning Commission, which had been created in 1950. The Finance Commission is a constitutional body for fiscal devolution and was not replaced. The National Development Council continues to exist separately.
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