Assertion (A): NITI Aayog is a policy think-tank of Government of India that aims to involve the states in economic policy making in India. Reason…

CA Foundation · Business Economics · MTP · May 2026
Assertion (A): NITI Aayog is a policy think-tank of Government of India that aims to involve the states in economic policy making in India. Reason (R): Planning commission was replaced on January 1, 2015, due to its traditional top-down approach.
(A) A. Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of Assertion (A).
(B) B. Both Assertion (A) and Reason (R) are true, and Reason (R) is not the correct explanation of Assertion (A).
(C) C. Both Assertion (A) and Reason (R) is false
(D) D. Assertion (A) is false but Reason (R) is true.

Suggested Answer and Working Notes:

Correct Answer: Option (A)

A. Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of Assertion (A).

Topics: Indian Economy

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