Planning Commission was established under ________on March 15, 1950
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. Jawahar Lal Nehru
The Planning Commission was established on March 15, 1950, with Prime Minister Jawaharlal Nehru serving as its head.
- The Planning Commission is chaired by the prime minister.
- A mixed economy was encouraged by the second Five-Year Plan, which placed more of an emphasis on industry than on agriculture.
- Its function was to offer five-year plans, which served as a fundamental framework for economic development.
- Additionally, the British government established the K. C. Neogy-led Advisory Planning Board.
- It ran from 1944 to 1946, a period of two years.