When was the Planning Commission set up?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. 1950.
- The Planning Commission was an institution in the Government of India, which formulated India's Five-Year Plans.
- It was set up on 15 March 1950 at New Delhi, to oversee the country's economic and social development chiefly through the five year plans.
- The commission's original mandate was to raise the standard of living of ordinary Indians by efficiently exploiting the country's material and human resources, boosting producting, and creating employment opportunities for all.