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. Return to highly centralised planning without state participation
C. Complete abandonment of any form of planning or policy coordination
D. Replacement of the Planning Commission by NITI Aayog with emphasis on cooperative federalism and strategic advice
Answer: Option D
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:
India's foreign exchange reserves consist of foreign currency assets, gold, Special Drawing Rights and the reserve tranche position in the IMF.
Explanation:
The foundational economy comprises the everyday goods and services—utilities, food, health, education, care—that are essential for civilised life and are often most effectively provided through collective arrangements.
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