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Indian Economy Quiz for IAS Exam: NITI Aayog

May 2, 2017 19:22 IST

    Economy IAS QuestionsNITI Aayog is considered as the think tank of the government which formulates long-term policies and programmes for the Government. Now, it has been three years of its establishment and it is in the process of making and transforming the Indian economy which benefitted the mass of the country.

    Achievements of NITI Aayog in the last three years in Detail

    1. Consider the following statements regarding the NITI Aayog:
    I. The National Institution for Transforming India, also called NITI Aayog, was formed via a resolution of the Union Cabinet on January 1, 2015.
    II. NITI Aayog is the premier policy ‘Think Tank’ of the Government of India, providing both directional and policy inputs.

    Which of the following statement(s) is/are correct?
    a. Only I
    b. Only II
    c. Both I and II
    d. Neither I nor II

    Answer: c

    Explanation:

    The National Institution for Transforming India, also called NITI Aayog, was formed through a resolution of the Union Cabinet on January 1, 2015. NITI Aayog is the leading policy ‘Think Tank’ providing both directional and policy inputs to the Government of India. While formulating strategic and long term policies and programmes for the Government, NITI Aayog also presents relevant technical advice to the Centre and States.

    The Government of India, in keeping with its reform agenda, constituted the NITI Aayog to replace the Planning Commission instituted in 1950. This was done in order to better serve the needs and aspirations of the people of India. An important evolutionary change from the past, NITI Aayog acts as the quintessential platform of the Government of India to bring States to act together in national interest, and thereby fosters Cooperative Federalism.

    At the core of NITI Aayog’s creation are two hubs – Team India Hub and the Knowledge and Innovation Hub. The Team India Hub leads the engagement of states with the Central government, while the Knowledge and Innovation Hub builds NITI’s think-tank capabilities. These hubs reflect the two key tasks of the Aayog. NITI Aayog is also developing itself as a State of the Art Resource Centre, with the necessary resources, knowledge and skills, that will enable it to act with speed, promote research and innovation, provide strategic policy vision for the government, and deal with contingent issues.

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    2. In the last few years, NITI Aayog has played an important role in formulating the Digital Payments Movement in India. Consider the following statements regarding the role of NITI Aayog in Digital Payments Movement in the country:
    I. A committee of Chief Ministers was constituted by NITI Aayog on Digital Payment on 30th November 2016, Chandrababu Naidu, the Chief Minister of Andhra Pradesh as the convener to promote transparency, financial inclusion and a healthy financial ecosystem nationwide which submitted its interim report to Prime Minister in January 2017.
    II. The incentive schemes like Lucky Grahak Yojana and the Digi Dhan Vyapar Yojana were also launched by NITI Aayog to promote digital payments across all sections of society.
    III. In a view to strengthening the country’s innovation and entrepreneurship ecosystem, the Government has set up Atal Innovation Mission (AIM) under NITI Aayog that spur innovation in schools, colleges, and entrepreneurs in general.

    Which of the following statement(s) is/are correct?
    a. Only I
    b. I and II
    c. II and III
    d. All of the above

    Answer: d

    Explanation:

    The Government has prepared an action plan on advocacy, awareness and co-ordination of their handholding efforts among general public, micro-enterprises and other stakeholders for which NITI Aayog had organised presentations or interactions for training and capacity building of various Ministries/Departments of Government of India, representatives of State/UTs, Trade and Industry Bodies as well as all other concerned stakeholders.

    A committee of Chief Ministers was constituted by NITI Aayog on Digital Payment on 30th November 2016, Chandrababu Naidu, the Chief Minister of Andhra Pradesh as the convener to promote transparency, financial inclusion and a healthy financial ecosystem nationwide which submitted its interim report to Prime Minister in January 2017. The incentive schemes such as Lucky Grahak Yojana and the Digi Dhan Vyapar Yojana were also launched by NITI Aayog to promote digital payments across all sections of society in which over 16 lakh consumers and merchants have won Rs. 256 crore under these two schemes. From December 25, 2016, till April 14, 2017, the Digi Dhan Melas were also been organised for 100 days in 100 cities.

    3. In a view to strengthening the country’s innovation and entrepreneurship ecosystem, the Government has set up Atal Innovation Mission (AIM) under NITI Aayog that spur innovation in schools, colleges, and entrepreneurs in general. Which of the following statement is incorrect regarding the Atal Innovation Mission (AIM)?
    a. Atal Innovation Scheme (AIM) is working to establish 500 ATLs in Central Universities across India.
    b. The AICs under Atal Innovation Scheme will help start-ups to expand quicker and enable innovation-entrepreneurship, in core sectors of the economy such as manufacturing, energy, transport, education, agriculture, water and sanitation, etc.
    c. Atal Innovation Mission (AIM) will provide financial support of Rs.10 crore and capacity building for setting up of each AIC.
    d. Atal Innovation Scheme (AIM) is working to establish 500 ATLs in schools across India.

    Answer: a

    Explanation:

    In a view to strengthening the country’s innovation and entrepreneurship ecosystem, the Government has set up Atal Innovation Mission (AIM) under NITI Aayog that spur innovation in schools, colleges, and entrepreneurs in general. Following major schemes were rolled out in 2016-17 under Atal Innovation Scheme (AIM):

    Atal Tinkering Labs (ATLs): The Atal Innovation Scheme (AIM) is working to establish 500 ATLs in schools across India, where students can design and make small prototypes based on the rapid prototyping technologies to solve challenges they see around them.

    Atal Incubation Centres (AICs): The AICs will help start-ups to expand quicker and enable innovation-entrepreneurship, in core sectors of the economy such as manufacturing, energy, transport, education, agriculture, water and sanitation, etc for which Atal Innovation Mission (AIM) will provide financial support of  Rs.10 crore and capacity building for setting up of such AICs.

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    4. Consider the following statements regarding the indices measuring state’s performance in health, education and water management developed by NITI Aayog:
    I. The indices will measure incremental annual performances in critical social sectors like health, education and water with a view to nudge the states into challenging with each other for better outcomes.
    II. The indices will also help states to raise the per capita income of the individuals of the respective state.

    Which of the following statement(s) is/are correct?
    a. Only I
    b. Only II
    c. Both I and II
    d. Neither I nor II

    Answer: a

    Explanation:

    In a view to the Prime Minister’s focus on outcomes, NITI Aayog has developed indices measuring State’s performance in Health, Education and Water Management.
    The indices will measure incremental annual performances in critical social sectors like health, education and water with a view to nudge the states into challenging with each other for better outcomes. The indices will also help states to share the best practices and innovation in order to achieve gain from each other which is an example of competitive and cooperative federalism.

    5. Task Force on Elimination of Poverty in India was constituted under the Vice Chairman of NITI Aayog. Consider the following statements regarding the task force on elimination of poverty in India:
    I. The Task Force on Elimination of Poverty in India was constituted on 16th March, 2015 under the Chairmanship of Dr Arvind Panagariya, Vice Chairman, NITI Aayog, the report which was submitted to the Prime Minister on 11th July 2016.
    II. The primary focus of the task force was to find out the issues involved in the measurement of unemployment and the list of strategies to combat the problem of unemployment in India.
    III. The task force concluded and suggested that there is a requirement of another high-level committee of country’s top experts which can analyse issues and suggest the best measure of poverty.

    Which of the following statement(s) is/are correct?
    a. Only I
    b. I and II
    c. II and III
    d. All of the above

    Answer: d

    Explanation:

    The Task Force on Elimination of Poverty in India was constituted on 16th March, 2015 under the Chairmanship of Dr Arvind Panagariya, Vice Chairman, NITI Aayog, the report which was submitted to the Prime Minister on 11th July 2016. The primary focus of the task force was to find out the issues involved in the measurement of poverty and the list of strategies to combat the poverty but it was unable to develop its consensus in favour of either the Tendulkar or a higher poverty line.

    The task force concluded and suggested that there is a requirement of another high-level committee of country’s top experts which can analyse issues and suggest the best measure of poverty. The task force also suggested strategies combat poverty and it faster reduction through employment-intensive sustained rapid growth and effective implementation of anti-poverty programs.

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    6. A task force on agriculture development was constituted under Arvind Panagariya, Vice Chairman of NITI Aayog. Consider the following statements regarding the task force on agriculture development:
    I. The Task Force has prepared an occasional paper entitled “Raising Agricultural Productivity and Making Farming Remunerative for Farmers” which is based on their work focusing on 5 critical areas of Indian Agriculture.
    II. The task force after getting all the required inputs from the states/UTs submitted its report on 31st May 2016.
    III. The task force has recommended significant policy measures to bring in reforms in the agriculture sector for the welfare of the farmers as well as enhancing their income.

    Which of the following statement(s) is/are correct?
    a. Only I
    b. I and II
    c. II and III
    d. All of the above

    Answer: d

    Explanation:

    The Task Force on Agricultural development was set up on 16th March 2015 under the leadership of Dr Arvind Panagariya, Vice Chairman, NITI Aayog. It has prepared an occasional paper entitled “Raising Agricultural Productivity and Making Farming Remunerative for Farmers” which is based on their work focusing on 5 critical areas of Indian Agriculture are:

    • Raising Productivity

    • Remunerative  Prices to Farmers

    • Land Leasing, Land Records  & Land Titles

    • Second Green Revolution-Focus on the Eastern States

    • Responding to Farmers’ Distress

    The task force after getting all the required inputs from the states/UTs submitted its report on 31st May 2016. The task force has recommended significant policy measures to bring in reforms in the agriculture sector for the welfare of the farmers as well as enhancing their income.

    7. In a view to building knowledge systems for States and the Centre, NITI Aayog has launched the ‘NITI Lectures such as Transforming India’ series. Consider the following statements regarding the 'transforming India lecture series':
    I. In a view to building knowledge systems for States and the Centre, NITI Aayog has launched the ‘NITI Lectures such as Transforming India’ series, with full assistance from the President of India on 26th August 2016.
    II. NITI Aayog’s lecture series has the aim of addressing the top policy-making team of the Centre including the members of the Cabinet and several top bureaucrats of the country.
    III. The first lecture was delivered by the Deputy Prime Minister of Singapore, Tharman Shanmugaratnam on the topic- “India and the Global Economy” followed by Bill Gates who delivered the second lecture in the series under the theme- 'Technology and Transformation' on November 16, 2016.

    Which of the following statement(s) is/are correct?
    a. Only I
    b. I and II
    c. II and III
    d. All of the above

    Answer: c

    Explanation:

    NITI Aayog as the premier think-tank of the Government views knowledge building and transfer as the enabler of real transformation in States and UTs. In a view to building knowledge systems for States and the Centre, NITI Aayog has launched the ‘NITI Lectures such as Transforming India’ series, with full assistance from the Prime Minister on 26th August 2016.

    NITI Aayog’s lecture series has the aim of addressing the top policy-making team of the Centre including the members of the Cabinet and several top bureaucrats of the country. The key aim of the lecture is to bring cutting edge ideas in development policy to policy makers and public, so as to promote the basis of the transformation of India into a prosperous modern economy in the world. Bill Gates' lecture in NITI Aayog

    The first lecture was delivered by the Deputy Prime Minister of Singapore, Tharman Shanmugaratnam on the topic- “India and the Global Economy” followed by Bill Gates who delivered the second lecture in the series under the theme- 'Technology and Transformation' on November 16, 2016.

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    DISCLAIMER: JPL and its affiliates shall have no liability for any views, thoughts and comments expressed on this article.

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