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      Question

      Consider the following Statements. (i) The

      National Institution for Transforming India (NITI Aayog) came into existence in 2015 replacing the Planning Commission which was established in 1950. (ii) The National Institution for Transforming India or NITI Aayog was created to serve as the think tank of the Government of India. (iii) Prime Minister of India is the Chairperson.
      A Only I Correct Answer Incorrect Answer
      B I & II Correct Answer Incorrect Answer
      C I & III Correct Answer Incorrect Answer
      D Only III Correct Answer Incorrect Answer
      E I, II, and III Correct Answer Incorrect Answer

      Solution

      The National Institution for Transforming India (NITI Aayog) came into existence in 2015 replacing the Planning Commission which was established in 1950. The NITI Aayog is the successor to the Planning Commission. The National Institution for Transforming India or NITI Aayog was created to serve as the think tank of the Government of India. The Prime Minister of India serves as the Chairperson of the institution.

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