Economic Advisory Council (EAC)
Posted on : 17 Dec 2019
Views: 1013- The fifth meeting of the Economic Advisory Council (EAC) of the Fifteenth Finance Commission was held in New Delhi.
- After the meeting, Chairman NK Singh said that future revenue is the most critical issue for the Finance Commission.
- Economic Advisory Council to the Prime Minister (PMEAC) is a non-constitutional, non-permanent and independent body constituted to give economic advice to the Government of India, specifically the Prime Minister.
- The Economic Advisory Council was set up with a view to provide a sounding board for inculcating awareness in Government on the different point of view on key economic issues.
- The Planning Commission was the Nodal Agency for the EAC for administrative, logistic, planning and budgeting purposes.
Article Related Questions
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With reference to Economic Advisory Council to the Prime Minister (PMEAC), consider the following statements
1.It is a constitutional and independent body
2.The Planning Commission was the Nodal Agency for the EAC for administrative, logistic, planning and budgeting purposes.
Which of the following statement is/are correct?
1.1 only
2.2 only
3.Both 1 and 2
4.Neither 1 nor 2
Right Ans : 2 only
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