Question

The Planning Commission was set up in ______ by a Resolution of the Government of India.

• A. March, 1949
• B. March, 1950
• C. March, 1947
• D. March, 1957

Answer 1

The correct option is B March, 1950

Planning Commission was assigned the task of formulating a plan for most effective and balanced utilization of the country's resources.Planning Commission was an institution which was set up on 15th March, 1950 by a Resolution of the Government of India in order to Formulate and regulate India's Five year Plans.The principal task of the Planning Commission is to formulate the five-year plans.At the union the role of Planning Commission is crucial.