Correct answer: (c) Central Cabinet
Explanation
- A
Planning Commission
The Planning Commission is what Ashok Chanda famously called India’s ‘economic cabinet’ in standard public-administration notes. It is listed but is not this paper’s official key. Do not treat the famous phrase-target as the stored letter.
- B
Finance Commission
The Finance Commission is a constitutional body for Centre-state transfers (Article 280), not Chanda’s economic cabinet. Quasi-judicial finance is the wrong organ.
- C
Central Cabinet
(c) Official key: This paper keys the Central Cabinet as what Ashok Chandra/Chanda called the economic cabinet of India. Among Planning Commission, Finance Commission, Central Cabinet and ARC, the stored label sits on the Central Cabinet. Honour that official attribution.
- D
Administrative Reform Commission
The Administrative Reforms Commission studied machinery of government; it was not nicknamed economic cabinet. ARC is a reform panel, not the key.
Summary. Official key is (c). Ashok Chanda’s ‘economic cabinet’ is keyed to the Central Cabinet. The Planning Commission is the usual textbook bearer of that nickname; Finance Commission and ARC are other Union bodies. Keep Central Cabinet. The official letter is (c).