Correct Answer: (b) It has a full-time Chairman.
Solution:NITI Aayog (National Institution for Transforming India Aayog) is a Government of India policy think-tank which came into being on 1 January, 2015 to replace the Planning Commission (Yojna Aayog). Like the Planning Commission, NITI Aayog is an extra-Constitutional body. This Aayog works on the principle of Co-operative federalism. Thus, all the above statements are true except that it has a full- time Chairman, because the Prime Minister is the ex- officio Chairperson of NITI Aayog which changes with the completion of the term of his office.zes