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Correct Option is 1,2 and 4

The NITI Aayog was formed on January 1, 2015, and was established as the successor to the planning commission. NITI stands for National Institution for Transforming India. It is the country’s premier policy-making institution that is expected to bolster the economic growth of the country. NITI Aayog was created by an executive resolution of the Government of India. It is also neither a constitutional body nor a statutory body. It is a non-constitutional or extra-constitutional body. Hence statement 3 is incorrect. Dr. Rajiv Kumar (September 2017 – present) is the current Vice Chairman of the NITI Aayog. The vice-Chairperson is appointed by the Prime Minister. He enjoys the rank of a Cabinet Minister. Chief Executive Officer will be appointed by the Prime Minister for a fixed tenure. He will be in the rank of Secretary to the Government of India. Hence statements 1,2 and 4 are correct.

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