GK
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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In which year was the Planning commission set up in India?
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1947
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1948
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1949
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1950
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Explanation:
Detailed explanation-1: -The Planning Commission of India was formed on 15 March 1950. It formulated the Five-Year Plans of India.
Detailed explanation-2: -After India achieved independence, a formal model of planning was adopted, and accordingly the Planning Commission, reporting directly to the Prime Minister of India, was established on 15 March 1950, with Prime Minister Jawaharlal Nehru as the Chairman.
Detailed explanation-3: -In 1950, the Government set up a Planning Commission to help, design and execute suitable policies for economic development.
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