Economic Planning, Planning Commission, NITI Aayog

51. Which of the following is NOT a function of the Planning Commission in India?
a) Formulating Five-Year Plans
b) Allocating funds to different sectors
c) Evaluating the progress of various programs
d) Setting interest rates for banks

52. The Planning Commission was established in India in which year?
a) 1947
b) 1950
c) 1951
d) 1952

53. Who was the first Chairman of the Planning Commission of India?
a) Jawaharlal Nehru
b) Lal Bahadur Shastri
c) Rajiv Gandhi
d) Vallabhbhai Patel

54. The concept of Five-Year Plans in India was borrowed from which country?
a) United States
b) United Kingdom
c) Soviet Union
d) China

55. The first Five-Year Plan in India was focused on the development of which sector?
a) Agriculture
b) Industry
c) Services
d) Education