In the context of Indian economy, NITI Aayog replaced which institution? MCQ with Answer and Explanation

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In the context of Indian economy, NITI Aayog replaced which institution?

A. Planning Commission

B. Finance Commission

C. University Grants Commission

D. Election Commission

Answer: Option A

Solution (By JKSSB Mock Tests)

NITI Aayog (National Institution for Transforming India) was established in 2015, replacing the Planning Commission which was set up in 1950.

This question belongs to: Economy GK Economy Set 1

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Question #1

The National Development Council in India is headed by:

A. President

B. Prime Minister

C. Home Minister

D. Finance Minister

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Correct Answer: Option B

Explanation:
The National Development Council is headed by the Prime Minister.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Food Corporation of India' was established in which year?

A. 1965

B. 1975

C. 1956

D. 1970

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Correct Answer: Option A

Explanation:
The Food Corporation of India was established in 1965.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'consumer price index' in India is released by which organization?

A. Ministry of Finance

B. Labour Bureau

C. National Statistical Office

D. RBI

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Correct Answer: Option C

Explanation:
CPI is released by the National Statistical Office.

This question belongs to: Economy GK Economy Set 1

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