{"id":77142,"date":"2024-04-20T12:41:56","date_gmt":"2024-04-20T12:41:56","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=77142"},"modified":"2024-04-20T12:41:56","modified_gmt":"2024-04-20T12:41:56","slug":"the-institution-primarily-responsible-for-planning-and-economic-development-at-the-national-level-in-india","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/the-institution-primarily-responsible-for-planning-and-economic-development-at-the-national-level-in-india\/","title":{"rendered":"The institution primarily responsible for planning and economic development at the national level in India:"},"content":{"rendered":"<p>\r\n    <!-- Check if it's an AMP page -->\r\n            <!-- Non-AMP version -->\r\n        <div class=\"mcq-container\" data-quiz-id=\"quizState_6a97070025031\">\r\n                                            <div class=\"option\" data-option-key=\"option1\" data-is-correct=\"false\">\r\n                    Ministry of Finance                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option2\" data-is-correct=\"false\">\r\n                    Reserve Bank of India                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option3\" data-is-correct=\"true\">\r\n                    NITI Aayog                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option4\" data-is-correct=\"false\">\r\n                    Planning Commission of India                <\/div>\r\n                            \r\n            <!-- Feedback messages for non-AMP -->\r\n            <div class=\"feedback\" data-feedback=\"wrong\">Answer is Right!<\/div>\r\n            <div class=\"feedback\" data-feedback=\"right\">Answer is Wrong!<\/div>\r\n        <\/div>\r\n\r\n        <script>\r\n        document.addEventListener('DOMContentLoaded', function () {\r\n            var containers = document.querySelectorAll('.mcq-container');\r\n\r\n            containers.forEach(function(container) {\r\n                var options = container.querySelectorAll('.option');\r\n                var feedbackSelect = container.querySelector('[data-feedback=\"select\"]');\r\n                var feedbackWrong = container.querySelector('[data-feedback=\"wrong\"]');\r\n                var feedbackRight = container.querySelector('[data-feedback=\"right\"]');\r\n\r\n                options.forEach(function(option) {\r\n                    option.addEventListener('click', function() {\r\n                        var selectedOption = option.getAttribute('data-option-key');\r\n                        var isCorrect = option.getAttribute('data-is-correct') === 'true';\r\n\r\n                        \/\/ Remove previous selections\r\n                        options.forEach(function(opt) {\r\n                            opt.classList.remove('correct', 'incorrect');\r\n                        });\r\n\r\n                        \/\/ Add the correct\/incorrect class\r\n                        if (isCorrect) {\r\n                            option.classList.add('correct');\r\n                            feedbackRight.hidden = false;\r\n                            feedbackWrong.hidden = true;\r\n                        } else {\r\n                            option.classList.add('incorrect');\r\n                            feedbackRight.hidden = true;\r\n                            feedbackWrong.hidden = false;\r\n                        }\r\n\r\n                        \/\/ Hide select feedback\r\n                        feedbackSelect.hidden = true;\r\n                    });\r\n                });\r\n            });\r\n        });\r\n        <\/script>\r\n    \r\n    <!--more--><\/p>\n<p>The correct answer is C) NITI Aayog.<\/p>\n<p>NITI Aayog (National Institution for Transforming India) is a policy think tank of the Government of India, established on 1 January 2015 by the prime minister Narendra Modi, in pursuance of the recommendations of the 14th Finance Commission. The institution replaced the Planning Commission of India.<\/p>\n<p>NITI Aayog is headed by the prime minister and has a vice-chairman, four full-time members, and a number of part-time members. The institution is also assisted by a number of advisors and experts.<\/p>\n<p>NITI Aayog&#8217;s mandate is to provide strategic and policy inputs to the central government, state governments, and other stakeholders, and to foster cooperative federalism. The institution is also responsible for monitoring the implementation of national development programmes and schemes.<\/p>\n<p>NITI Aayog has been working on a number of initiatives, including the preparation of a national infrastructure plan, the development of a national urban policy, and the promotion of innovation <div class=\"telegram-channel-container\">\r\n        <a href=\"https:\/\/t.me\/pscnotes2025\" target=\"_blank\" class=\"telegram-channel-button\">\r\n            <span class=\"telegram-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 496 512\">\r\n                    <path fill=\"white\" d=\"M248,8C111,8,0,119,0,256s111,248,248,248s248-111,248-248S385,8,248,8z M362,177L320,367c-3,14-10,18-20,14l-56-41l-27,26 c-3,3-5,5-10,5l4-63L323,196c5-5-1-7-8-3l-98,62l-42-13c-9-3-10-9,2-14l162-63C351,160,365,164,362,177z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Join Our Telegram Channel\r\n        <\/a>\r\n    <\/div> and entrepreneurship.<\/p>\n<p>The other options are incorrect.<\/p>\n<p>A) Ministry of Finance is the ministry of the Government of India responsible for the formulation and implementation of the country&#8217;s economic policies. The ministry is headed by the finance minister, who is a member of the Union Cabinet.<\/p>\n<p>B) Reserve Bank of India is the central bank of India. The bank was established in 1935 under the Reserve <div class=\"youtube-subscribe-container\">\r\n        <a href=\"https:\/\/www.youtube.com\/channel\/UCNHT8lW-JmLC68rjBfZhdkg?sub_confirmation=1\" target=\"_blank\" class=\"youtube-subscribe-button\">\r\n            <span class=\"youtube-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 576 512\">\r\n                    <path d=\"M549.7 124.1c-6.3-23.7-24.8-42.3-48.3-48.6C458.8 64 288 64 288 64S117.2 64 74.6 75.5c-23.5 6.3-42 24.9-48.3 48.6-11.4 42.9-11.4 132.3-11.4 132.3s0 89.4 11.4 132.3c6.3 23.7 24.8 41.5 48.3 47.8C117.2 448 288 448 288 448s170.8 0 213.4-11.5c23.5-6.3 42-24.2 48.3-47.8 11.4-42.9 11.4-132.3 11.4-132.3s0-89.4-11.4-132.3zm-317.5 213.5V175.2l142.7 81.2-142.7 81.2z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Subscribe on YouTube\r\n        <\/a>\r\n    <\/div> Bank of India Act, 1934. The bank is responsible for the formulation and implementation of monetary policy, the regulation of the financial system, and the management of the country&#8217;s foreign exchange reserves.<\/p>\n<p>D) Planning Commission of India was a government planning body of India. The commission was established in 1950 by the Planning Commission Act, 1950. The commission was responsible for the formulation and implementation of the country&#8217;s five-year plans. The commission was dissolved in 2015 and replaced by NITI Aayog.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Subscribe on YouTube<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[994],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The institution primarily responsible for planning and economic development at the national level in India:<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/the-institution-primarily-responsible-for-planning-and-economic-development-at-the-national-level-in-india\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" 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