The Atal Innovation Mission is an initiative of which body?
- A.NITI Aayog
- B.The Reserve Bank of India
- C.The Finance Commission
- D.The Securities and Exchange Board of India
Correct answer
Explanation
The correct answer is A, NITI Aayog. The mission promotes a culture of innovation and enterprise, chiefly through tinkering laboratories in schools and incubation centres in colleges and institutions, and it is run under NITI Aayog as part of its role as the government think tank.
Option B, the Reserve Bank of India, is the central bank and deals with monetary policy, currency and the regulation of banks. Option C, the Finance Commission, is a constitutional body appointed every five years to recommend the distribution of taxes between the Union and the states. Option D, the Securities and Exchange Board of India, regulates the stock market and protects investors. NITI Aayog also publishes indices on health, school education, water management and the Sustainable Development Goals, and runs the Aspirational Districts Programme.
Read the full article: Planning in India and NITI Aayog: Plans, Models and Bodies
Practice Questions
View allThe Planning Commission of India was set up in which year?
- A.1947
- B.1950
- C.1952
- D.1956
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The Planning Commission was constituted on 15 March 1950 by a resolution of the Union Cabinet, with the Prime Minister as its chairman, and it drafted every Five Year Plan until it was replaced in 2015.
Read the full explanation →NITI Aayog came into existence on which date?
- A.1 January 2015
- B.15 March 2014
- C.1 April 2016
- D.26 January 2015
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On that date a cabinet resolution created the National Institution for Transforming India in place of the Planning Commission, keeping the Prime Minister as the head of the new body but changing its work from allocating funds to advising governments.
Read the full explanation →The Second Five Year Plan of India was based on the model given by
- A.P. C. Mahalanobis
- B.Harrod and Domar
- C.M. Visvesvaraya
- D.V. K. R. V. Rao
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The statistician who founded the Indian Statistical Institute gave the Second Plan its framework, in which investment was directed towards heavy and basic industries such as steel, machinery and power on the argument that they would build the capacity to produce everything else.
Read the full explanation →The plan holiday in Indian planning was declared after the failure of which Five Year Plan?
- A.Second Plan
- B.Third Plan
- C.Fourth Plan
- D.Fifth Plan
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The plan of 1961 to 1966 was overwhelmed by the war with China in 1962, the war with Pakistan in 1965 and a severe drought, so instead of a new five year plan the government ran three annual plans from 1966 to 1969, a stretch called the plan holiday.
Read the full explanation →The slogan Garibi Hatao, the removal of poverty, is associated with which Five Year Plan?
- A.Third Plan
- B.Fourth Plan
- C.Fifth Plan
- D.Sixth Plan
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Running from 1974 to 1979, it took the removal of poverty and the attainment of self-reliance as its twin objectives, and it is remembered by the slogan Garibi Hatao.
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