Question

Which of the following statements is/are correct about the planning commission?

(i) The Planning Commission was constituted in 1951.

(ii) Jawaharlal Nehru was the first chairman of Planning Commission.

(iii) In 2015, the Planning Commission was replaced by the Niti Aayog.

• A. Only (i) and (ii)
• B. All of the above (i), (ii), (iii)
• C. Only (i) and (iii)
• D. Only (ii) and (iii)

Answer 1

Answer:

D. Only (ii) and (iii)

Planning Commission of India: Key Aspects

• The Planning Commission was an institution established by a government resolution on March 15, 1950, not 1951.
• It was set up to assist the Government of India in all matters relating to economic and social planning.
• The Prime Minister of India was the ex-officio Chairman of the Planning Commission.
• Jawaharlal Nehru, as the first Prime Minister, served as the first Chairman of the Planning Commission.
• The Planning Commission was responsible for formulating Five-Year Plans for the socio-economic development of the country.
• The First Five-Year Plan was launched in 1951 and covered the period 1951-1956.
• On August 13, 2014, the Union Cabinet approved the dissolution of the Planning Commission.
• The Planning Commission was officially dissolved on December 31, 2014.
• It was replaced by the National Institution for Transforming India (NITI) Aayog, which was established on January 1, 2015.
• NITI Aayog functions as a think tank and a policy-making body, promoting cooperative federalism and aiming for a paradigm shift from a top-down approach to a bottom-up approach in planning.