Question

Fill in the blanks with the appropriate words from the bracket.

1. The________ is the ex-officio chairman of the Planning Commission.
( Prime Minister, Chief Minister, Finance Minister, President)

2. In India, economic planning started in __________
(1951, 1971, 1991, 1992)

3. Economic plan means___________ use of resources.
(optimum, limited, minimum, maximum)

4. The Ninth Five-Year Plan was started in________
(1992, 1997, 2002, 2003,)

Answer 1

1. The Prime Minister of India is the ex-officio chairman of the Planning Commission.
Explanation-
The Planning Commission of India is a non-statutory body that consists of experts from all the fields and is responsible for economic planning. It was formed in the year 1950. The Prime Minister is the ex-officio chairman of this commission.

2. In India, economic planning started in 1951.
Explanation-
In 1950, the Planning Commission was formed by the government of India to formulate economic plans and policies. The commission started functioning from 1951. The first plan was formulated for the year 1950- 56.

3. Economic plan means optimum use of resources.
Explanation-
Economic planning refers to the creation of time-bound programmes and plans, which are framed with the basic aim of optimally utilizing the available natural, human and capital resources in order to fulfill the necessary social and economic objectives.

4. The Ninth Five-Year Plan was started in 1997.
Explanation-
The Ninth Five-Year Plan started in 1997. It was formulated for the period 1997-2002. The main objective of this five-year plan was to achieve social justice and equality.