The guiding philosophy of NITI Aayog is: MCQ with Answer and Explanation

The guiding philosophy of NITI Aayog is:
A. centralized planning
B. import substitution
C. cooperative federalism
D. command economy
Answer: Option C
Solution (By JKSSB Mock Tests)
NITI Aayog works on the principle of cooperative federalism.

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Practice More Economy Set 1 Questions

Question #1
The 'One District One Product' initiative aims to promote:
A. uniform education
B. uniform industrial policy
C. single tax rate
D. district-specific products and exports

Correct Answer: Option D


Explanation:
One District One Product promotes production of unique products in each district for economic development and exports.

This question belongs to: Economy GK Economy Set 1
Question #2
The 'National Social Assistance Programme' provides social assistance to:
A. elderly, widows and disabled persons in need
B. children only
C. government employees
D. all citizens

Correct Answer: Option A


Explanation:
NSAP provides social assistance to elderly, widows and persons with disabilities.

This question belongs to: Economy GK Economy Set 1
Question #3
The 'Union Budget' in India is presented in Parliament on:
A. 1 April every year
B. 1 February every year
C. 1 March every year
D. 31 March every year

Correct Answer: Option B


Explanation:
Since 2017, the Union Budget is presented on 1 February.

This question belongs to: Economy GK Economy Set 1