As per the Cabinet Resolution of 1st January, 2015, the NITI Aayog consists of : 1. Prime Minister of India 2. Governing Council comprising of Chief Minister of all the States and Lieutenant Governors of Union Territories 3. Rural Development Minister 4. Chief Executive Officer to be appointed by the Prime Minister Select the correct answer using the code given below:

As per the Cabinet Resolution dated January 1, 2015, the NITI Aayog's composition includes the Prime Minister of India as the ex-officio Chairperson [2]. The Governing Council is a key component, comprising the Chief Ministers of all States and Lieutenant Governors of Union Territories [3]. Additionally, the organizational framework provides for a Chief Executive Officer (CEO) to be appointed by the Prime Minister for a fixed tenure, holding the rank of Secretary to the Government of India [2]. While the Union Council of Ministers can have up to four ex-officio members nominated by the Prime Minister, the 'Rural Development Minister' is not specifically named as a permanent constituent in the original 2015 resolution; rather, specific ministers are nominated as ex-officio members or special invitees at the Prime Minister's discretion [3]. Therefore, statements 1, 2, and 4 are correct.

Sources

1. [1] Indian Economy, Nitin Singhania .(ed 2nd 2021-22) > Chapter 6: Economic Planning in India > Composition of NITI Aayog > p. 143
2. [2] https://www.pib.gov.in/newsite/PrintRelease.aspx?relid=114273
3. [3] Indian Economy, Nitin Singhania .(ed 2nd 2021-22) > Chapter 6: Economic Planning in India > 6.22 Indian Economy > p. 153