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Indian EconomyEasyAsked in: NDA · NDA-I 2026, GAT

The Atal Innovation Mission (AIM) is set up by the

  1. A.Department of Science and Technology, Government of India
  2. B.NITI Aayog
  3. C.Ministry of Statistics and Programme Implementation, Government of India
  4. D.Ministry of Corporate Affairs, Government of India

Correct answer

B. NITI Aayog

Explanation

The correct answer is B, NITI Aayog. The Atal Innovation Mission (AIM) was set up by NITI Aayog in 2016 as the Government of India's flagship programme to promote innovation and entrepreneurship.

AIM was announced in the Union Budget of 2015-16 and works at two levels. In schools it sets up Atal Tinkering Labs, where students build and test ideas with tools such as 3D printers, sensors and electronics kits. For start-ups it funds Atal Incubation Centres in universities, research bodies and industry. It also runs innovation challenges and Atal Community Innovation Centres in under-served areas, and it is run by a Mission Director under NITI Aayog.

A is wrong: the Department of Science and Technology runs its own schemes such as INSPIRE, but AIM is not one of them. C is wrong: the Ministry of Statistics and Programme Implementation handles national statistics and MPLADS, not innovation missions. D is wrong: the Ministry of Corporate Affairs regulates companies under the Companies Act.

Exam tip: AIM (2016) belongs to NITI Aayog; its best-known parts are Atal Tinkering Labs in schools and Atal Incubation Centres for start-ups.

Practice Questions

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Q1.Indian EconomyAsked in: NDA · NDA-I 2022, GATEasy

Who among the following is the Chairperson of the Goods and Services Tax Council?

  1. A.The Prime Minister of India
  2. B.The Union Finance Minister
  3. C.The Speaker of the Lok Sabha
  4. D.The President of India
Show answer
Correct answer: B. The Union Finance Minister

Under Article 279A of the Constitution, the Union Finance Minister is the Chairperson of the GST Council. Article 279A was added by the Constitution (One Hundred and First Amendment) Act, 2016, which brought in the Goods and Services Tax.

Q2.Indian EconomyAsked in: NDA · NDA-I 2017, GATMedium

Which one among the following countries is the largest trading partner of India in external trade for the year 2015-2016 ?

  1. A.United States of America
  2. B.United Kingdom
  3. C.United Arab Emirates
  4. D.China
Show answer
Correct answer: D. China

In 2015-16 China was India's largest trading partner by total trade, that is exports plus imports. India's trade with China that year was about US$ 70 billion, but most of it was imports of electronics, machinery and chemicals, so India ran its largest bilateral trade deficit with China.

Q3.Indian EconomyAsked in: CDS · CDS-II 2024, GKHard

The Rangarajan Committee methodology for determining the poverty line incorporated which of the following ? 1. A food component 2. A normative level of expenditure for essential non-food items 3. A behaviourally determined expenditure for other non-food items Select the answer using the code given below :

  1. A.1 and 2 only
  2. B.2 and 3 only
  3. C.1, 2 and 3
  4. D.1 and 3 only
Show answer
Correct answer: C. 1, 2 and 3

The Rangarajan Committee built its poverty line basket from all three parts named in the question. The expert group headed by C. Rangarajan was set up in 2012 and reported in 2014, to review the Tendulkar method.