Which institution was established in 2015, in the place of Planning commission of India?

Correct option is B

The correct answer is (b) NITI Aayog.
· NITI Aayog (National Institution for Transforming India) was established in 2015, replacing the Planning Commission of India. NITI Aayog was created to better align with India's current developmental needs, focusing on cooperative federalism and a bottom-up approach to planning and development. It acts as a policy think-tank for the Government of India and works to foster economic growth and improve governance.
Information Booster:
· NABARD: National Bank for Agriculture and Rural Development, established in 1982, focuses on rural development and agricultural financing.
· RBI: Reserve Bank of India, established in 1935, is India's central banking institution.
· SEBI: Securities and Exchange Board of India, established in 1988, regulates the securities market in India.