The 'Chief Executive Officer' of NITI Aayog is appointed by: MCQ with Answer and Explanation

Question
The 'Chief Executive Officer' of NITI Aayog is appointed by:
A. Finance Minister
B. Prime Minister
C. President
D. Parliament
Answer: Option B
Solution (By JKSSB Mock Tests)
The CEO of NITI Aayog is appointed by the Prime Minister.
This question belongs to: Economy GK Economy Set 1
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Practice More Economy Set 1 Questions

Question #1
Which of the following is a major structural challenge for the Indian economy?
A. Self-sufficiency in all commodities without trade
B. Regional disparities, unemployment and informalisation of the workforce
C. Absence of an informal sector
D. Complete equality of income across regions
Discuss
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Correct Answer: Option B

Explanation:
The Indian economy continues to face structural challenges such as regional imbalances, unemployment and underemployment, and a large informal sector.
This question belongs to: Economy GK Economy Set 1
Question #2
The concept of 'Inclusive Growth' emphasises:
A. Growth that is broad-based, creates productive employment and reduces poverty and inequality
B. Only growth in urban areas
C. Only the maximisation of GDP growth regardless of distribution
D. Only growth in the formal sector
Discuss
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Correct Answer: Option A

Explanation:
Inclusive growth is economic growth that generates productive employment opportunities for a large part of the labour force and ensures that the benefits of growth are widely shared.
This question belongs to: Economy GK Economy Set 1
Question #3
The 'Demands for Grants' are part of:
A. monetary policy
B. foreign trade policy
C. stock market
D. Union Budget
Discuss
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Correct Answer: Option D

Explanation:
Demands for Grants are part of the Union Budget.
This question belongs to: Economy GK Economy Set 1
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