GK
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Planning Commission
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National Development Council
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Interstate Council
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Union Cabinet
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Detailed explanation-1: -the correct answer is National Development Council. The National Development Council (NDC) headed by the Prime Minister with all Chief Minister and cabinet ministers are the final authority to approve the five-year-long policy.
Detailed explanation-2: -The final approval to any five year plan is given by the National Development Council (NDC). The NDC, headed by the Prime Minister with all Chief Ministers and Cabinet Ministers on board, is the final authority to approve the five-year long policy document.
Detailed explanation-3: -From 1947 to 2017, the Indian economy was premised on the concept of planning. This was carried through the Five-Year Plans, developed, executed, and monitored by the Planning Commission (1951-2014) and the NITI Aayog (2015-2017).