When was the Planning Commission set up?

Correct option is D

The correct answer is (d) 1950.
· The Planning Commission of India was set up on 15th March 1950 by a resolution of the Government of India. It was established to formulate and oversee the implementation of five-year plans for the economic development of the country.
Additional Information:
· Role of the Planning Commission:
· The Planning Commission was responsible for assessing the resources of the country and devising policies and programs for the most efficient and balanced utilization of resources.
· It played a key role in setting the growth targets and priorities for various sectors of the economy.
· Replacement by NITI Aayog:
· In 2015, the Planning Commission was replaced by the NITI Aayog (National Institution for Transforming India), which aims to foster cooperative federalism and sustainable development through a more flexible and decentralized planning approach.
· First Chairman of the Planning Commission:
· The first Prime Minister of India, Jawaharlal Nehru, was the first Chairman of the Planning Commission.