Which of the following best describes the evolution of planning in India after 2015?
A. Continuation of mandatory Five Year Plans by the Planning Commission
B. Replacement of the Planning Commission by NITI Aayog with emphasis on cooperative federalism and strategic advice
C. Return to highly centralised planning without state participation
D. Complete abandonment of any form of planning or policy coordination
Answer: Option B
Solution (By JKSSB Mock Tests)
In 2015 the Planning Commission was replaced by NITI Aayog, which focuses on cooperative federalism, policy advice and knowledge sharing rather than imposing centralised plan targets.
Explanation:
Quantitative easing is an unconventional monetary policy tool whereby a central bank purchases large quantities of financial assets to inject liquidity into the economy when interest rates are already near zero.
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