The Planning Commission of India was constituted in the year



[ A ]    1947
[ B ]    1950 right
[ C ]    1955
[ D ]    1942
Answer : Option B
Explanation :
The Planning Commission is an institution in the Government of India, which formulates India's Five- Year Plans, among other functions. It was set up on 15 March 1950, with Prime Minister Jawaharlal Nehru as the chairman. Planning Commission though is a non statutory as well extra constitutional body, i.e. has been brought by an executive order. The Planning Commission does not derive its creation from either the Constitution or statute, but is an arm of the Central/Union Government.
General Economy Questions and Answers for competitive exams

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