Home Indian Economy MCQs

Question

Consider the following statements regarding NITI Aayog:

1. It serves as a 'Think Tank' for the government.
2. It has the power to allocate funds to states.

Which of the statements given above is/are correct?

  1. 1 only
  2. 2 only
  3. Both 1 and 2
  4. Neither 1 nor 2

Answer:

Option A: 1 only

Detailed Solution:

The correct answer is “1 only”.

NITI Aayog is a policy think tank. It does not have the power to allocate funds, which is the responsibility of the Finance Ministry.