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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:

ചുവടെ നൽകിയിരിക്കുന്നതിൽ ഏതെല്ലാമാണ് ഇന്ത്യയുടെ പഞ്ചവത്സര പദ്ധതിയുടെ പ്രധാന ലക്ഷ്യങ്ങൾ ?
ഒന്നാം പഞ്ചവത്സര പദ്ധതി അടിസ്ഥാനമാക്കിയുള്ള മാതൃക

The strategy of industrialization of the second five year plan had the following element/s :


(i) Increase the rate of investment as the development depends upon the rate of
investment.
(ii) Rapid expansion of productive power by increasing the proportion of investment in
heavy and capital goods sectors.
(iii) Providing more conducive atmosphere to the private sector.
(iv) Increasing the scope and importance of public sector.

Which of the following features are correct about 5th Five Year Plan ?

  1. Its duration was from 1974 to 1978 
  2. This plan focused on Garibi Hatao, Employment, Justice, Agricultural production and Defence. 
  3. For the first time, the private sector got priority over the public sector. 
  4. Its duration was from 1985 to 1990. 
  5. This plan was terminated in 1978 by the newly elected Moraji Desai government. 
What were the main objectives of the Fifth Five-Year Plan (1974-79)?