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What is the significance of the Planning Commission in India?

Practice Questions

Q1
What is the significance of the Planning Commission in India?
  1. To formulate Five-Year Plans
  2. To regulate banks
  3. To control inflation
  4. To manage foreign trade

Questions & Step-by-Step Solutions

What is the significance of the Planning Commission in India?
  • Step 1: Understand that the Planning Commission is a government body in India.
  • Step 2: Know that it was created to help plan the country's economic growth.
  • Step 3: Learn that it focuses on making Five-Year Plans, which are long-term strategies for development.
  • Step 4: Recognize that these plans help decide how to use resources like money, land, and labor effectively.
  • Step 5: Realize that the Planning Commission aims to improve the overall economy and living standards in India.
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