Question : The era of five-year plans began in India with the establishment of______.
Option 1: The NITI Aayog
Option 2: The Parliament
Option 3: The Finance Commission
Option 4: The Planning Commission
Correct Answer: The Planning Commission
Solution : The correct answer is the Planning Commission.
The era of five-year plans in India began with the establishment of the Planning Commission. The Planning Commission of India was set up in March 1950, shortly after India gained independence. It played a central role in formulating and implementing the country's five-year plans, which were comprehensive development blueprints designed to promote economic growth, industrialisation, and social welfare.
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Question : The Planning Commission in India was replaced by which organization in 2015?
Option 1: NITI Aayog
Option 2: Ministry of Finance
Option 3: Reserve Bank of India
Option 4: Ministry of Planning
Question : In 2015, the Planning Commission was replaced with the _____.
Option 1: Monetary Policy Committee
Option 2: Competition Commission of India
Option 3: NaBFID
Option 4: NITI Aayog
Question : The Modi Government at the Central has formed NITI Aayog by replacing which one of the following?
Option 1: Fiscal Commission
Option 2: Finance Commission
Option 3: Agricultural Price Commission
Option 4: Planning Commission
Question : Who decides the Repo Rate in India?
Option 2: RBI
Option 3: Ministry of Finance
Option 4: Parliament
Question : The organization responsible for estimating poverty in India is:
Option 1: Reserve Bank of India
Option 3: Planning Commission (now NITI Aayog)
Option 4: Central Statistical Office
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