The 'Planning Commission' was replaced by NITI Aayog in which year? MCQ with Answer and Explanation

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The 'Planning Commission' was replaced by NITI Aayog in which year?

A. 2013

B. 2015

C. 2016

D. 2017

Answer: Option B

Solution (By JKSSB Mock Tests)

The Planning Commission was replaced by NITI Aayog in 2015.

This question belongs to: Economy GK Economy Set 1

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Question #1

The target of installed renewable energy capacity set by India for 2030 is:

A. 175 GW

B. 100 GW

C. 450 GW

D. 500 GW

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Correct Answer: Option D

Explanation:
India has set a target of 500 GW of non-fossil fuel capacity by 2030.

This question belongs to: Economy GK Economy Set 1

Question #2

Foreign Direct Investment is distinguished from Foreign Portfolio Investment mainly by:

A. short-term currency trading

B. investment only in government securities

C. lasting interest and managerial control

D. the amount of investment

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Correct Answer: Option C

Explanation:
FDI involves lasting interest and managerial control, while FPI does not.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Goods and Services Tax' on ready-to-move-in property is:

A. 5%

B. not applicable

C. 18%

D. 12%

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Correct Answer: Option B

Explanation:
Ready-to-move-in property is not subject to GST.

This question belongs to: Economy GK Economy Set 1

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