Planning Commission MCQ - Practice Questions with Answers

The Planning Commission was replaced by NITI Aayog, which was set up in 2015 as the Union Government's policy think tank for cooperative federalism and development strategy. The Finance Commission is a constitutional body dealing mainly with fiscal transfers between the Union and the states. The Investment Commission of India was not the institutional successor of the Planning Commission. The National Development Council was linked with planning consultations earlier, but it did not replace the Planning Commission.

The Planning Commission was established by a Government of India resolution in 1950, and the Prime Minister served as its chairperson. This arrangement matched the Commission’s role in national planning and coordination of Five-Year Plans. The President is the constitutional head of the Union but did not chair the Planning Commission. The Vice President has parliamentary and constitutional functions, not this planning role. A Chief Minister heads a state government, while the Planning Commission was a central-level body.

The Planning Commission of India was set up by a Government of India resolution on 15 March 1950 to guide planned economic development. 26 January 1950 is the date when the Constitution came into force, not the date of the Commission's formation. 1 January 2015 is linked with the replacement of the Planning Commission by NITI Aayog. 2 October 1950 has no such formation link; it is Gandhi Jayanti in the same year.