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When was the Planning Commission set up in India?
- a)1952
- b)1950
- c)1964
- d)1975
Correct answer is option 'B'. Can you explain this answer?
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When was the Planning Commission set up in India?a)1952b)1950c)1964d)1...
The Planning Commission in India was set up in 1950.
Background:
- After India gained independence from British rule in 1947, the country faced numerous challenges in terms of economic development, poverty alleviation, and infrastructure improvement.
- To address these challenges and promote planned economic growth, the Government of India decided to establish a centralized planning body.
Establishment of the Planning Commission:
- The Planning Commission was established on March 15, 1950, through a resolution passed by the Government of India.
- The resolution outlined the need for a specialized agency responsible for formulating and implementing comprehensive plans for the country's economic development.
- The Prime Minister of India served as the ex-officio Chairman of the Planning Commission.
Objectives of the Planning Commission:
- The Planning Commission was tasked with formulating five-year plans that aimed to promote balanced economic growth, reduce poverty, and improve the standard of living of the Indian population.
- It was responsible for allocating resources and determining investment priorities in various sectors of the economy.
- The Commission also played a crucial role in coordinating between the central and state governments, ensuring effective implementation of development programs.
Functions of the Planning Commission:
- Formulating five-year plans and annual plans for economic development.
- Allocating resources and determining investment priorities.
- Monitoring and evaluating the implementation of development programs.
- Providing guidance and assistance to states in formulating their plans.
- Coordinating with various ministries and departments to ensure policy coherence.
- Conducting research and analysis to support evidence-based planning.
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When was the Planning Commission set up in India?a)1952b)1950c)1964d)1975Correct answer is option 'B'. Can you explain this answer?
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