Skip to content
GK24
Indian EconomyMedium

The National Development Council was constituted in which year?

  1. A.1950
  2. B.1951
  3. C.1952
  4. D.1954

Correct answer

C. 1952

Explanation

The correct answer is C, 1952. The National Development Council was set up on 6 August 1952 by an executive resolution so that the states could take part in national planning; chaired by the Prime Minister, it included the chief ministers and the members of the Planning Commission, and it gave a plan its final approval before implementation.

Option A, 1950, is the year the Planning Commission itself was created. Option B, 1951, is the year the First Five Year Plan began. Option D, 1954, has no place in this sequence and is filler. Keep the three dates in order: the commission in 1950, the first plan in 1951 and the council in 1952. Note also that like the commission the council was never given constitutional or statutory status.

Read the full article: Planning in India and NITI Aayog: Plans, Models and Bodies

View all
Q2.Indian EconomyEasy

NITI Aayog came into existence on which date?

  1. A.1 January 2015
  2. B.15 March 2014
  3. C.1 April 2016
  4. D.26 January 2015
Show answer
Correct answer: A. 1 January 2015

On that date a cabinet resolution created the National Institution for Transforming India in place of the Planning Commission, keeping the Prime Minister as the head of the new body but changing its work from allocating funds to advising governments.

Q3.Indian EconomyMedium

The Second Five Year Plan of India was based on the model given by

  1. A.P. C. Mahalanobis
  2. B.Harrod and Domar
  3. C.M. Visvesvaraya
  4. D.V. K. R. V. Rao
Show answer
Correct answer: A. P. C. Mahalanobis

The statistician who founded the Indian Statistical Institute gave the Second Plan its framework, in which investment was directed towards heavy and basic industries such as steel, machinery and power on the argument that they would build the capacity to produce everything else.