Which apex public policy think tank of the Government of India acts as the nodal agency tasked with catalyzing economic development?
Answer & explanation
Correct answer: option 1
The correct answer is Option (1) → NITI Aayog
NITI Aayog — the National Institution for Transforming India — replaced the Planning Commission on 1 January 2015. It is the government’s apex public policy think tank and the nodal agency for catalysing economic development, working with the states in the spirit of cooperative federalism.
The RBI is the central bank, the IRDAI regulates insurance, and NABARD is the development bank for agriculture and rural areas.