GK
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which one of the following is NOT within the duties of the Planning Commision?
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To define the stage of growth and suggest allocation of resources
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To make an assessment of the material, capital and human resources of the country
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To determine the nature of machinery required for implementation of plan proposals
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To prepare the annual central budget
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Explanation:
Detailed explanation-1: -Hence to prepare annual central budget is not duty of planning commission.
Detailed explanation-2: -Hence, Planning Commission was a statutory body is an incorrect statement.
Detailed explanation-3: -The NITI Aayog’s precursor, the Planning Commission was established in March 1950 by a Government of India resolution with Prime Minister as Chairperson. The initial mandate was to establish heavy industries through public investment as a means for achieving rapid industrialization.
There is 1 question to complete.