Question
Download Solution PDFWhen was the Planning Commission set up?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFThe correct answer is option 4 i.e 1950.
Key Points
- The Planning Commission was an institution which formulated Five-Year Plans in India.
- Planning Commission set up in 1950.
- Planning commission was established based on the recommendation of an advisory planning board under the chairmanship of KC Neogy.
- Headquarters: Yojana Bhavan, New Delhi.
- Planning commission is only an advisory body.
- The concept of planning was based on the Russian model introduced by Joseph Stalin.
- The Prime Minister is the chairman of the planning commission.
- Jawaharlal Nehru was the first chairman of the planning commission.
- Deputy chairman of the planning commission was appointed by the Union Cabinet.
- Gulzarilal Nanda was the first deputy Chairman of the Planning Commission.
- Narendra Modi government dissolved the Planning Commission in 2014.
- The planning commission was replaced by the newly formed NITI Aayog in 2015.
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