GK
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Narendra Modi
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Morarji Desai
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Atal Bihari Bhajpayee
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I.K. Gujral
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Detailed explanation-1: -In 2014, Narendra Modi government decided to wind down the Planning Commission. It was replaced by the newly formed NITI Aayog.
Detailed explanation-2: -On 1 January 2015, a Cabinet resolution was passed to replace the Planning Commission with the newly formed NITI Aayog (National Institution for Transforming India). Union Government of India announced the formation of NITI Aayog on 1 January 2015.
Detailed explanation-3: -Ans. Niti Aayog was set up on 1st January 2015 after the announcement made by Narendra Modi the Prime Minister of India, the motive behind setting up NITI Aayog was to have a body that can provide proper and critical strategies and directions in which the development process can take place.