On 1st January 2015, the Planning Commission was replaced by _____.
Answer & explanation
Correct answer: option 2
The correct answer is Option (2) → NITI Aayog
On 1 January 2015, the NITI Aayog was formed. India adopted centralised planning after Independence, but subsequently, it graduated into decentralised multi-level planning. The responsibility of plan formulation was with the Planning Comminssion at the Centre, State and district levels. But on 1 January 2015, the Planning Commision was replaced by the NITI Aayog