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NDA 2024 GAT · General Knowledge · Indian Economy · medium

NITI Aayog replaced the Planning Commission in 2015. 2. The Finance Commission is constituted by the President under Article 280 every five years.

Single correct option

Consider the following statements:
1. NITI Aayog replaced the Planning Commission in 2015.
2. The Finance Commission is constituted by the President under Article 280 every five years.
Which of the statements given above is/are correct?
  1. A. 1 only
  2. B. 2 only
  3. C. Both 1 and 2
  4. D. Neither 1 nor 2
Show answer and solution

Answer: (C) Both 1 and 2

NITI Aayog was set up on 1 January 2015, replacing the Planning Commission. The Finance Commission is constituted under Article 280 normally every five years to recommend the sharing of taxes between the Centre and the states. Both statements are correct.
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Original question written in the NDA 2024 GAT pattern and checked twice for the correct answer. Not an official question paper. How we write and check questions · Corrections policy · Report a mistake