The correct answer is Only I and IV are correct. Explanation & Key Takeaways: Non-Constitutional Body NITI Aayog • The NITI Aayog was formed on January 1, 2015. • In Sanskrit, the word “NITI” means morality, behaviour, guidance, etc. But, in the present context, it means policy and the NITI stands for “National Institution for Transforming India”. • It is the country’s premier policy-making institution that is expected to bolster the economic growth of the country. • This is a non-constitutional body. Central Information Commission • The Central Information Commission is an important authority in India needed for the smooth functioning of democracy and good governance. • The CIC was constituted with effect from 12th October 2005 under the RTI Act 2005. Its jurisdiction extends to all central public authorities. • The Chief Information Commission (CIC) is the authorized body in India to act upon complaints received from individuals who have been unable to submit requests of information to a Central or State Public Information Officer due to either the officer not having been appointed, or the respective officer refused to entertain the application under the Right to Information Act (RTI Act). • At present (2019), the Commission has six Information Commissioners apart from the Chief Information Commissioner. Constitutional Body State Finance Commission • The State Finance Commission was created by the 73rd and 74th Constitutional (Amendment) Acts. • SFCs were created to review the financial position of the panchayats and municipal corporations, and to make recommendations to the Governor. • Article 243I prescribes that the Governor of a State shall constitute a Finance Commission to review the financial position of the Panchayats to make recommendations to the Governor. National Commission for Backward Classes • 102nd Constitution Amendment Act, 2018 provides constitutional status to the National Commission for Backward Classes (NCBC). • It has the authority to examine complaints and welfare measures regarding socially and educationally backward classes. • Previously NCBC was a statutory body under the Ministry of Social Justice and Empowerment. • The Commission consists of five members including a Chairperson, Vice-Chairperson and three other Members appointed by the President by warrant under his hand and seal. • The conditions of service and tenure of office of the Chairperson, Vice-Chairperson and other Members is determined by President.