Statement 1 is not correct: National Institution for Transforming India, better known as NITI Aayog, was formed via a resolution of the Union Cabinet on January 1, 2015. The government constituted NITI Aayog to replace the Planning Commission, which had been instituted in 1950. The Prime Minister is the chairperson of NITI Aayog Statement 2 is correct: It is the premier policy think tank of the government of India, providing directional and policy inputs. It also provides relevant strategic and technical advice to the Centre, states, and UTs. Statement 3 is not correct: Parameswaran Iyer took charge as the CEO of NITI Aayog.
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In case of mutually exclusive projects and when NPV and IRR giving conflicting results, go for the project having higher IRR
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The duration of the Attukal Pongala festival is: