Which of the following statements is are incorrect about the Economic Advisory Council to the Prime ...........

Economic Affairs Growth and Indicators

Which of the following statements is/are incorrect about the Economic Advisory Council to the Prime Minister (EAC-PM)?

1. It is a non-constitutional and non-statutory permanent body.

2. It is mandate to give advice to prime minister on economic matters such as inflation, GDP changes, export-import changes, creating supporting environment for increased trade and commerce.

Select the correct answer using the code given below.

1 only

2 only

Both 1 and 2

Neither 1 nor 2

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Explanation:

Statement 1 is correct. PMEAC is a non-constitutional and non-statutory, non-permanent, and independent body, constituted with the prime and sole aim to analyze all critical issues, economic or otherwise, referred to it by the prime minister and advising him thereon.

Statement 2 is correct. PMEAC is mandated to advise the prime minister on economic matters such as inflation, GDP changes, export-import changes, and creating a supporting environment for increased trade and commerce.

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