Planning Commission of India was set up in year:

Correct option is A

Correct Answer: 1950
Explanation:
· The Planning Commission of India was established in 1950 by a resolution of the Government of India.
· It was tasked with formulating five-year plans to promote economic development and growth in the country.
· The Planning Commission was chaired by the Prime Minister and functioned as an advisory body on resource allocation and policy formulation.
· It played a pivotal role in India’s planned economic development until it was replaced by NITI Aayog in 2015.
Information Booster:
· The Planning Commission was established on 15th March 1950.
· Its primary role was to assess the country's resources and plan for efficient and sustainable development.
· The first Five-Year Plan was launched in 1951 under its guidance.
· The commission aimed to reduce inequalities in income and wealth distribution across regions and communities.
· Jawaharlal Nehru was the first chairman of the Planning Commission.