The 'Governing Council' of NITI Aayog includes: MCQ with Answer and Explanation

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The 'Governing Council' of NITI Aayog includes:

A. Chief Ministers and Lieutenant Governors

B. only RBI Governor

C. only central ministers

D. only finance secretaries

Answer: Option A

Solution (By JKSSB Mock Tests)

The Governing Council includes Chief Ministers and Lieutenant Governors along with the Prime Minister and central ministers.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

The 'Rangarajan Committee' on poverty submitted its report in which year?

A. 2016

B. 2011

C. 2018

D. 2014

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Correct Answer: Option D

Explanation:
The Rangarajan Committee on poverty submitted its report in 2014.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'PM Formalization of Micro Food Processing Enterprises' scheme is associated with which sector?

A. Food processing

B. Textiles

C. Steel

D. IT services

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Correct Answer: Option A

Explanation:
PM FME scheme supports micro food processing enterprises.

This question belongs to: Economy GK Economy Set 1

Question #3

Which of the following is a characteristic of the 'Platform Economy'?

A. Only government-provided services

B. Digital platforms that intermediate between groups of users and often exhibit strong network effects

C. Only traditional brick-and-mortar retail

D. Only agricultural markets

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Correct Answer: Option B

Explanation:
The platform economy consists of digital multi-sided platforms that facilitate interactions and transactions between different groups of users (e.g., buyers and sellers, drivers and riders) and typically display network externalities.

This question belongs to: Economy GK Economy Set 1

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