Economic Planning, Planning Commission, NITI Aayog

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56. How many Five-Year Plans were implemented in India before the Planning Commission was replaced by NITI Aayog?
a) 10
b) 11
c) 12
d) 13

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57. The Planning Commission of India was replaced by NITI Aayog in which year?
a) 2014
b) 2015
c) 2016
d) 2017

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58. The “Gadgil Formula” was used by the Planning Commission for the allocation of central assistance to the states based on which criteria?
a) Population and poverty ratio
b) Infrastructure development
c) Industrial growth rate
d) Education and healthcare indicators

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59. The “Rao-Manmohan Model” was used by the Planning Commission to calculate poverty in India. It was named after which two Prime Ministers of India?
a) Rajiv Gandhi and P.V. Narasimha Rao
b) Indira Gandhi and Rajiv Gandhi
c) P.V. Narasimha Rao and Manmohan Singh
d) Jawaharlal Nehru and Indira Gandhi

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60. The “Prasanta Chandra Mahalanobis Model” was used by the Planning Commission for economic planning. Prasanta Chandra Mahalanobis was a renowned:
a) Economist
b) Mathematician
c) Physicist
d) Statistician

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