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Question

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

A
March, 1949
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B
March, 1950
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C
March, 1947
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D
March, 1957
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Solution

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.

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