The correct answer is: b) State Planning Board.
The State Planning Board (SPB) is a body constituted by the Government of Nagaland to formulate and implement the State’s economic policies. The SPB is headed by the Chief Minister of Nagaland and has members from the State Cabinet, the State Legislature, the State Planning Department, and other relevant departments.
The SPB is responsible for preparing the State’s Five Year Plans and Annual Plans. It also undertakes studies and surveys to identify the State’s development needs and priorities. The SPB coordinates the implementation of the State’s economic policies and programs.
The SPB is an important body in the formulation and implementation of Nagaland’s economic policies. It plays a vital role in the State’s economic development.
The other options are incorrect because:
- NITI Aayog is a national-level body that is responsible for formulating and implementing the Government of India’s economic policies.
- The Finance Commission is a constitutional body that is responsible for recommending the distribution of financial resources between the Central Government and the State Governments.
- The Reserve Bank of India is the central bank of India and is responsible for formulating and implementing the country’s monetary and credit policies.