The Planning Commission was set up in:

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1950

1956

1955

1959

answer is A.

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Detailed Solution

The Planning Commission was set up in 1950. The government of India set up the Planning Commission. After independence, there was a need to develop the people's lives in India by removing poverty and building a modern technical and industrial base. For this achievement, the Indian government set up a planning commission to help design and execute suitable policies for the development of the economy. The Second Five-Year Plan was formulated in 1956. This was mainly focused on the development of heavy industries such as steel. With the building of large dams, These sectors were put under the control of the state. This economic policy aimed to develop the nation in the future. This approach had many strong supporters as well as some criticism.

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