Which of the following is a feature of the Indian planning process after 2015?
A. Replacement of Planning Commission by NITI Aayog with a focus on cooperative federalism
B. Only centralised planning without state participation
C. Complete abandonment of any form of planning
D. Continuation of Five Year Plans by Planning Commission
Answer: Option A
Solution (By JKSSB Mock Tests)
In 2015, the Planning Commission was replaced by NITI Aayog, which promotes cooperative federalism, provides strategic and technical advice, and does not impose centralised Five Year Plans in the earlier form.
Explanation:
Basel norms (Basel I, II, III) are international banking regulations that set standards for capital adequacy, stress testing and market liquidity risk.
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