Consider the following statements regarding the NITI Aayog:
(i) It was established in the year 2015 through a Cabinet Secretariat resolution. (ii) It has a Governing Council comprising the Chief Ministers of all the States and Union Territories with legislatures and Lt. Governors of other Union Territories. (iii) It is a constitutional body.
Which of the statements given above is/are correct?

Correct option is A

The correct answer is (a) Only (i) and (ii) 
Explanation:
· The NITI Aayog (National Institution for Transforming India) was indeed established on January 1, 2015, by a resolution of the Union Cabinet, replacing the Planning Commission.
· The Governing Council of NITI Aayog includes the Chief Ministers of all the States and Union Territories with legislatures, and the Lt. Governors of other Union Territories.
· NITI Aayog is not a constitutional body because it was created by an executive resolution of the Government of India, not by the Constitution itself. 
Information Booster:
· NITI Aayog acts as the premier policy 'Think Tank' of the Government of India.
· It provides both directional and policy inputs to the government.
· It operates on the principle of cooperative federalism, involving states in the policymaking process with a bottom-up approach.