CSEET · Economic and Business Environment · Indian Economy
Which of the following is a correct contrast between the Planning Commission and NITI Aayog?
The Planning Commission prepared Five-Year Plans and played a central role in allocating resources, whereas NITI Aayog is an advisory think tank with no power to allocate funds. Allocation of Central funds rests with the Finance Ministry, so the claim that NITI Aayog allocates funds is incorrect.
- ABoth allocate plan funds to States, but NITI Aayog does so annually
- BThe Planning Commission advised on policy while NITI Aayog allocates Central funds
- CNITI Aayog allocates funds to ministries, but the Planning Commission did not
- DThe Planning Commission prepared Five-Year Plans and allocated funds, while NITI Aayog is advisory and does not allocate fundsCorrect
Explanation
The Planning Commission drew up Five-Year Plans and had a role in allocating resources to ministries and States. NITI Aayog is an advisory think tank and fund allocation is handled by the Finance Ministry. The options that give NITI Aayog allocation powers are therefore wrong.
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