The Planning Commission was established in which year?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. 1950.
The Planning Commission of India was established on March 15, 1950, through a Government of India resolution. It was a non-constitutional and advisory body chaired by the Prime Minister. Its primary mandate was to formulate India's Five-Year Plans to ensure balanced economic growth and effective resource utilization. In 2014, the government decided to replace it with a more modern institution, leading to the formation of NITI Aayog on January 1, 2015.