The National Development Council (NDC) is a high-level council in India that serves as the apex body for decision-making and policy planning. It is responsible for formulating and reviewing economic and social development plans and policies in the country.

Option 1 states that the NDC is presided over by the Prime Minister. This is the correct answer. The Prime Minister of India is the chairperson of the National Development Council. As the head of the government, the Prime Minister plays a crucial role in shaping the country`s development agenda. The Prime Minister chairs the meetings of the NDC and guides the discussions and decision-making processes.

Option 2 states that the Deputy Chairman of the Planning Commission presides over the NDC. This is incorrect. The Planning Commission was abolished in 2014 and replaced by the NITI Aayog. The Deputy Chairman of the Planning Commission no longer has a role in presiding over the NDC.

Option 3 states that the Union Finance Minister presides over the NDC. This is incorrect. Though the Union Finance Minister is an important member of the NDC, they do not preside over it. The Prime Minister is the chairperson of the NDC.

Option 4 states that the Union Minister of Planning presides over