The Prime Minister Narendra Modi has constituted the Economic Advisory Council to the Prime Minister (EAC-PM). Which of the following is not true regarding the EAC?
A. EAC can analyse any issue, economic or otherwise, referred to it by the Prime Minister and advising him thereon.
B. The EAC-PM is an independent body to give advice on economic and related issues to the Government of India, not specifically to the Prime Minister but it will also advice other department or ministries of the Government.
C. The EAC can address issues of macroeconomic importance and presenting views thereon to the Prime Minister. This could be either suo-motu or on reference from the Prime Minister or anyone else.
D. It can attend any other task as may be desired by the Prime Minister from time to time.
Answer:B
The Prime Minister Narendra Modi has constituted the Economic Advisory Council to the Prime Minister (EAC-PM). Which of the following is not true regarding the EAC?
A. EAC can analyse any issue, economic or otherwise, referred to it by the Prime Minister and advising him thereon. B. The EAC-PM is an independent body to give advice on economic and related issues to the Government of India, not specifically to the Prime Minister but it will also advice other department or ministries of the Government. C. The EAC can address issues of macroeconomic importance and presenting views thereon to the Prime Minister. This could be either suo-motu or on reference from the Prime Minister or anyone else. D. It can attend any other task as may be desired by the Prime Minister from time to time.
Explanation: The Prime Minister Narendra Modi has constituted the Economic Advisory Council to the Prime Minister (EAC-PM). The five-member council consists of economists of high repute and eminence. The composition of the EAC-PM is as follows-