What was the First Five-Year Plans of India

(A) 05 March 1950
(B) 15 March 1950
(C) 05 April 1950
(D) 15 April 1950

Correct Answer : 15 March 1950
Explanation : 5 Year Plan (Planning Commission) was established on 15 March 1950. It is a body in the Government of India. It makes India's Five-Year Plans, among other functions. The chairman of 5 Year Plan is Prime Minister of India. According to 5 Year Plan, reporting directly to the Prime Minister of India. Planning Commission was not obtained from the Constitution of India or statute; it is an arm of the Central Government of India. Present Prime Minister Narendra Modi announced his intention to dissolve the Planning Commission. It has been replaced by a new named NITI Aayog in 2014.
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