Identify the incorrect statement with reference to planning commission:
(A) The President is the Chairperson of the Planning Commission
(B) The Planning commission was set up in March 1950
(C) The concept of five year plan was adopted from USA
(D) A section of big industrialist get together in 1944 and drafted a joint proposal called 'Bombay Plan'
(E) The draft of the first five year plan was released in December 1951
Choose the correct answer from the options given below:
Answer & explanation
Correct answer: option 1
The correct answer is Option (1) → (A) And (C) Only
(A) The President is the Chairperson of the Planning Commission — Incorrect. The Prime Minister was its Chairperson, not the President.
(B) The Planning commission was set up in March 1950 — Correct. The Planning Commission was set up in March 1950 by a simple resolution of the Government of India; it is not one of the bodies set up by the Constitution.
(C) The concept of five year plan was adopted from USA — Incorrect. It was as in the USSR that the Planning Commission of India opted for five year plans.
(D) A section of big industrialist get together in 1944 and drafted a joint proposal called ‘Bombay Plan’ — Correct. A section of the big industrialists got together in 1944 and drafted a joint proposal for setting up a planned economy in the country, called the Bombay Plan.
(E) The draft of the first five year plan was released in December 1951 — Correct. The draft of the First Five Year Plan and then the actual Plan Document, released in December 1951, generated a lot of excitement in the country.
NCERT (2026-27): “Planning … Do you recall any reference to the Planning Commission in your book Constitution at Work last year? Actually there was none, for the Planning Commission is not one of the many commissions and other bodies set up by the Constitution. The Planning Commission was set up in March, 1950 by a simple resolution of the Government of India. It has an advisory role and its recommendations become effective only when the Union Cabinet approved these.… Planning … Thus the Planning Commission was not a sudden invention. In fact, it has a very interesting history. We commonly assume that private investors, such as industrialists and big business entrepreneurs, are averse to ideas of planning: they seek an open economy without any state control in the flow of capital. That was not what happened here. Rather, a section of the big industrialists got together in 1944 and drafted a joint proposal for setting up a planned economy in the country. It was called the Bombay Plan. The Bombay Plan wanted the state to take major initiatives in industrial and other economic investments. Thus, from left to right, planning for development was the most obvious choice for the country after Independence. Soon after India became independent, the Planning Commission came into being. The Prime Minister was its Chairperson. It became the most influential and central machinery for deciding what path and strategy India would adopt for its development. The Early Initiatives As in the USSR, the Planning Commission of India opted for five year plans (FYP). The idea is very simple: the Government of India prepares a document that has a plan for all its income and expenditure for the next five years.… The Early Initiatives … The draft of the First Five Year Plan and then the actual Plan Document, released in December 1951, generated a lot of excitement in the country. People from all walks of life – academics, journalists, government and private sector employees, industrialists, farmers, politicians etc. – discussed and debated the documents extensively.…” |