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
Answer: 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
Answer: c) 1951
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
Answer: a) Jawaharlal Nehru
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
Answer: c) Soviet Union
55. The first Five-Year Plan in India was focused on the development of which sector?
a) Agriculture
b) Industry
c) Services
d) Education
Answer: b) Industry
