Skip to content
GK24
Indian EconomyMedium

The Governing Council of NITI Aayog consists of the Prime Minister and

  1. A.the chief ministers of all states and the lieutenant governors of union territories
  2. B.the governors of all states
  3. C.the judges of the Supreme Court
  4. D.the members of the Finance Commission

Correct answer

A. the chief ministers of all states and the lieutenant governors of union territories

Explanation

The correct answer is A. The Governing Council brings together the Prime Minister, the chief ministers of all the states, the chief ministers of union territories that have legislatures and the lieutenant governors of the remaining union territories, so that the Union and the states can settle priorities in one room.

Option B, the governors of states, is wrong because the council rests on elected heads of government, not on the constitutional heads of states. Option C, judges of the Supreme Court, belong to the judiciary and cannot sit on an executive policy body. Option D, the Finance Commission, is a separate constitutional body under Article 280 that recommends the sharing of taxes between the Union and the states. The composition of the Governing Council is the clearest proof of the cooperative federalism the institution claims to practise.

Read the full article: Planning in India and NITI Aayog: Plans, Models and Bodies

View all
Q2.Indian EconomyEasy

NITI Aayog came into existence on which date?

  1. A.1 January 2015
  2. B.15 March 2014
  3. C.1 April 2016
  4. D.26 January 2015
Show answer
Correct answer: A. 1 January 2015

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.

Q3.Indian EconomyMedium

The Second Five Year Plan of India was based on the model given by

  1. A.P. C. Mahalanobis
  2. B.Harrod and Domar
  3. C.M. Visvesvaraya
  4. D.V. K. R. V. Rao
Show answer
Correct answer: A. P. C. Mahalanobis

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.