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Which apex public policy think tank of the Government of India acts as the nodal agency tasked with catalyzing economic development?

Solution

✅ Correct Option: 1

NITI Aayog, set up on 1 January 2015 in place of the Planning Commission, is the government's apex public policy think tank and the nodal body for catalysing economic development through cooperative federalism. The RBI is the central bank and monetary authority, IRDAI regulates insurance, and NABARD refinances rural and agricultural credit.

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