GK
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which is the highest body that approves Five Year Plans in the country?
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Planning Commission
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Union Cabinet
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Parliament
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National Development Council
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Explanation:
Detailed explanation-1: -National Development Council is the final approval authority for the five year plans. It is presided over by the Prime Minister and constitutes the Union Cabinet Ministers, Chief Ministers or representatives of all states and Union territories and members of the NITI Aayog.
Detailed explanation-2: -Meeting with Planning Commission, GOI. The meeting is held with Planning Commission, GOI to finalize the size of Annual Plan/Five Year Plan.
Detailed explanation-3: -The National Development Council (NDC) or Rashtriya Vikas Parishad is the apex body for decision creating and deliberations on development matters in India, presided over by the Prime Minister.
There is 1 question to complete.