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Indian economy miscellaneous
  1. Beginning from the Financial Year 2017–18 NITI Ayog plans to replace the 5 year plans with which of the following?
    1. 5 year Vision Document
    2. 10 year Vision Document
    3. 15 year Vision Document
    4. 20 year Vision Document
Correct Option: C

Abandoning the ancient concept of five-year plans that India has been following since 1951, the National Institution for Transforming India (NITI) Aayog has decided to come up with a 15-year vision document in tandem with global trends and economic growth.Cleared by Prime Minister Narendra Modi in May 2016, the new blueprint will be implemented after the last of the five-year plans, the 12th (201217) ends in 2017.


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