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Which agency in India is responsible for formulating the Five Year Plans?

AReserve Bank of India

BMinistry of Finance

CPlanning Commission (up to 2014)

DNational Development Council

Answer:

C. Planning Commission (up to 2014)

Read Explanation:

The Planning Commission of India, established in 1950, was responsible for formulating India's Five-Year Plans, which were later replaced by the NITI Aayog in 2015 On 15 March 1950 was Planning Commission established in India. The Planning Commission was an institution in the Government of India, which formulated India's Five-Year Plans, among other functions. In 2014, the Narendra Modi government replaced it with the newly formed NITI Aayog to better represent the present needs and aspirations of the people of India. Jawaharlal Nehru was the first Chairman of the Planning Commission.

Related Questions:

മഹലനോബിസ് മാതൃക എന്നറിയപ്പെട്ട പഞ്ചവത്സര പദ്ധതി ഏത്?
ഇന്ത്യാ ഗവൺമെന്റിന്റെ “Make in India' പോളിസിയെ സാമ്പത്തികാസൂത്രണത്തിന്റെ ഏത് ലക്ഷ്യവുമായി ഏറ്റവും അനുയോജ്യമായി ബന്ധിപ്പിക്കപ്പെടുന്നു ?

Which is the wrong statements related to Planning Commission in India?

  1. The five-year planning commissions was replaced by NITI Aayog in the year 2014
  2. Green Revolution was implemented during the first-five year plan
  3. 1966-69 years plan holidays for the Indian economy
  4. Mahalanobis model was followed in the second five-year plan

    Which among the following are features of the Fifth Five year plan?

    1. The final draft of the plan was prepared by D.P. Dhar.
    2. It is primarily focused on 'Garibi Hatao'.
    3. The target growth rate was 4.4% while the actual growth rate was 4.8%.
    4. Emphasised on employment in contrast to Nehru model.
      A 5% decrease in poverty by 2007 was one of main objectives of the ______ plan.