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. Parliament
C. President
D. Prime Minister
Answer: Option D
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
In the context of international reserves, the 'Guidotti-Greenspan Rule' suggests that:
A. Reserves should equal only three months of imports
B. Reserves are unnecessary under floating rates
C. Reserves should equal total external debt
D. Countries should hold reserves at least equal to short-term external debt
Discuss
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Correct Answer: Option D

Explanation:
The Guidotti-Greenspan rule is a rule of thumb recommending that emerging-market countries hold foreign-exchange reserves at least equal to their short-term external debt in order to reduce vulnerability to sudden stops.
This question belongs to: Economy GK Economy Set 1
Question #2
The 'Goods and Services Tax' was first proposed in India by:
A. Gadgil Committee
B. RBI
C. Kelkar Task Force on FRBM? Actually Chelliah Committee
D. Narasimham Committee
Discuss
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Correct Answer: Option C

Explanation:
GST was first proposed by the Chelliah Committee on tax reforms, not Kelkar.
This question belongs to: Economy GK Economy Set 1
Question #3
The 'Goods and Services Tax' rate on telecom services is:
A. 12%
B. 28%
C. 5%
D. 18%
Discuss
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Correct Answer: Option D

Explanation:
Telecom services attract 18% GST.
This question belongs to: Economy GK Economy Set 1
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