Which of the following statement is correct regarding the Planning Commission?
I. It was established in 1952.
II. The President of India was its chairperson.
Show answer & explanation
Correct answer: D
Explanation
Correct Answer: Option 4 (Neither I nor II)
Statement I is incorrect: The Planning Commission was established on March 15, 1950 (not in 1952). The National Development Council (NDC) was established in 1952.
Statement II is incorrect: The Prime Minister of India was the ex-officio Chairman of the Planning Commission, not the President.
Key Facts about the Planning Commission
Nature: It was a non-constitutional and advisory body.
Function: Its main function was to formulate Five-Year Plans.
Discontinuance: It was abolished on August 13, 2014.
New Institution: The NITI Aayog was established in its place on January 1, 2015.
Possible Questions for the Upcoming Exam
Who was the last Vice-Chairman of the Planning Commission?
(Answer: Montek Singh Ahluwalia)
What is the full form of NITI Aayog?
(Answer: National Institution for Transforming India)
Who is the current Chief Executive Officer (CEO) of NITI Aayog?
(Answer: Mr. B.V.R. Subramanian)