GENERAL KNOWLEDGE

Detailed explanation-1: -Planning Commission Was Formed-[March 15, 1950] This Day in History. What happened? 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: -The planning commission was charged with the service of the opportunities to all for employment in the service of the community. The Planning Commission was reporting directly to the Prime Minister of India. It was established on 15 March 1950, with Prime Minister Jawaharlal Nehru as the chairman.

Detailed explanation-4: -The Planning Commission of India was established in 1950 with Prime Minister Pandit Jawaharlal Nehru as its Chairman.

Detailed explanation-5: -Answer: In 1950, the government set up a Planning Commission to help design and execute suitable policies for economic development. The commission had to design the roles played by the private players and the government in a system which was to be called a mixed economy system.