Who finally approves the draft Five-Year-Plan?

(A) Planning Commission
(B) President
(C) National Development Council
(D) Parliament and State Legislatures

Correct Answer : National Development Council
Question Asked : SSC CPO Sub-Inspector Exam 2003, SSC Section Officer (Audit) Exam 2006
Explanation : The National Development Council (NDC) or the Rashtriya Vikas Parishad is the apex body for decision making and deliberations on development matters in India, presided over by the Prime Minister. It was set up on August 6, 1952 to strengthen and mobilize the effort and resources of the nation in support of the Plan, to promote common economic policies in all vital spheres, and to ensure the balanced and rapid development of all parts of the country. The Council comprises the Prime Minister, the Union Cabinet Ministers, Chief Ministers of all States or their substitutes, representatives of the union territories and the members of the Commissions. It is an extra-constitutional and non-statutory body. Its status is advisory to planning commission but not binding.
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