When was the Planning Commission set up?

The Planning Commission When was the Planning Commission set up?Take the Rediff Business Quiz and find out how much you know about Indias Planning Commission. Biz Quiz is best viewed in Internet Explorer (IE) and Netscape above version 6.0.1. When was the Planning Commission set up? a) 1948 b) 1950 c) 1951Wrong! Try again..Wrong!The correct answer is 1950. The Planning Commission was set up by a Resolution of the Government of India in March 1950 in pursuance of declared objectives of the government to promote a rapid rise in the standard of living of the people by efficient exploitation of the resources of the country, increasing production and offering opportunities to all for employment in the service of the community.Correct!The Planning Commission was set up by a Resolution of the Government of India in March 1950 in pursuance of declared objectives of the government to promote a rapid rise in the standard of living of the people by efficient exploitation of the resources of the country, increasing production and offering opportunities to all for employment in the service of the community. 2. Who is the current Deputy Chairman of the Planning Commission? a) K C Pant b) Montek Singh Ahluwalia c) Jaswant Singh Wrong! Try again..Wrong!The correct answer is Montek Singh Ahluwalia.On June 16, 2004, Prime Minister Manmohan Singh appointed eminent economist Montek Singh Ahluwalia as the Deputy Chairman of the Planning Commission. Montek was part of the team under the then Finance Minister Manmohan Singh that started reform process in 1991. He went on to become the finance secretary in 1993. Before his latest stint, he was the International Monetary Funds first Director of Independent Evaluation Office.Correct!On June 16, 2004, Prime Minister Manmohan Singh appointed eminent economist Montek Singh Ahluwalia as the Deputy Chairman of the Planning Commission. Montek was part of the team under the then Finance Minister Manmohan Singh that started reform process in 1991. He went on to become the finance secretary in 1993. Before his latest stint, he was the International Monetary Funds first Director of Independent Evaluation Office.3. When was the first Five-Year Plan launched? a) 1947 b) 1951 c) 1953Wrong! Try again..Wrong!The correct answer is 1951.The first Five-Year Plan was launched in 1951 and two subsequent five-year plans were formulated till 1965, when there was a break because of the Indo-Pakistan conflict. Two successive years of drought, devaluation of the currency, a general rise in prices and erosion of resources disrupted the planning process and after three Annual Plans between 1966 and 1969, the fourth Five-Year Plan was started in 1969.Correct!The first Five-Year Plan was launched in 1951 and two subsequent five-year plans were formulated till 1965, when there was a break because of the Indo-Pakistan conflict. Two successive years of drought, devaluation of the currency, a general rise in prices and erosion of resources disrupted the planning process and after three Annual Plans between 1966 and 1969, the fourth Five-Year Plan was started in 1969.4. Who is the Chairman of the Planning Commission? a) The Prime Minister b) The President c) The Finance Minister Wrong! Try again..Wrong! The correct answer is the Prime Minister.The Prime Minister is the Chairman of the Planning Commission, which works under the overall guidance of the National Development Council. The Deputy Chairman and the full time Members of the Commission, as a composite body, provide advice and guidance to the subject Divisions for the formulation of Five-Year Plans, Annual Plans, State Plans, Monitoring Plan Programmes, Projects and Schemes.Correct!The Prime Minister is the Chairman of the Planning Commission, which works under the overall guidance of the National Development Council. The Deputy Chairman and the full time Members of the Commission, as a composite body, provide advice and guidance to the subject Divisions for the formulation of Five-Year Plans, Annual Plans, State Plans, Monitoring Plan Programmes, Projects and Schemes.5. Who was the first Deputy Chairman of the Planning Commission? a) V T Krishnamachari b) C M Trivedi c) Gulzari Lal Nanda Wrong! Try again..Wrong! The correct answer is Gulzari Lal Nanda.Gulzari Lal Nanda was Deputy Chairman of the Planning Commission from March 1950 to September 21, 1963. Prime Minister Dr Manmohan Singh also held this position from January 15, 1985 to August 31, 1987. K C Pant was the Plan panel deputy chairman from February 5, 1999 till June 30, 2004, when Montek Singh Ahluwalia took over from him.Correct!Gulzari Lal Nanda was Deputy Chairman of the Planning Commission from March 1950 to September 21, 1963. Prime Minister Dr Manmohan Singh also held this position from January 15, 1985 to August 31, 1987. K C Pant was the Plan panel deputy chairman from February 5, 1999 till June 30, 2004, when Montek Singh Ahluwalia took over from him.Where are the Budget papers printed?The worlds most expensive guitarThe worlds most expensive house!Worlds most expensive eggsBudget 2004-05: Complete CoverageClick here for more Quizzes Tell us what you think of this Quiz Compiled by: Anamika