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Why was the Planning Commission replaced?

AInefficient resource allocation

BLack of flexibility

CInsufficient private sector involvement

DAll of the above

Answer:

D. All of the above

Read Explanation:

Reason for replacement of Planning Commission

  • Inefficient resource allocation

  • Lack of flexibility

  • Insufficient private sector involvement


Related Questions:

Who is the President of National Development Council?

Analyze the role and structure of NITI Aayog in India's planning landscape.

  1. NITI Aayog has replaced the Planning Commission and is now responsible for planning in India.
  2. The Prime Minister of India serves as the Chairperson of NITI Aayog.
  3. NITI Aayog's primary aim is to centralize all economic policy-making decisions at the national level, excluding state governments.
  4. The governing council of NITI Aayog includes all State Chief Ministers and Lieutenant Governors of Union Territories.
    Who was the first Vice Chairman of the Planning Commission of India?

    Which of the following statements correctly identifies the objectives of economic planning in India?

    1. Modernization involves adopting the latest technologies and fostering societal changes, including the protection of women's rights and social security.
    2. The primary goal of self-reliance is to increase dependence on foreign aid for industrial development.
    3. Equity in economic planning aims to ensure that all citizens benefit from national progress and receive basic necessities, health protection, and a fair distribution of wealth.
    4. Economic growth is considered unimportant in economic planning.
      Ensuring 'Equity' in economic planning means :