Given below are two statements. In the light of the above statements, choose the correct answer from the options given below.

Statement I:NITI Aayog is a statutory body.

Statement II:In NITI Aayog, NITI stands for National Institute for Technology Initiatives.

ABoth Statement I and Statement II are true

BBoth Statement I and Statement II are false ✓ Correct

CStatement I is true but Statement II is false

DStatement I is false but Statement II is true

Correct answer: (B) Both Statement I and Statement II are false

Explanation

Both statements are false: NITI Aayog is not a statutory body, and its name has nothing to do with technology initiatives.

Statement 1 is wrong because NITI Aayog was created in 2015 by an executive resolution of the cabinet, not by an Act of Parliament.

Statement 2 is wrong because NITI stands for National Institution for Transforming India.

It replaced the Planning Commission as the government's premier policy think tank.

A statutory body, by contrast, owes its existence to a specific legislation.

NITI Aayog offers advisory and coordinating support rather than allocating funds to states.

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