alleryStart learning →In which year was India's Planning Commission established?
- 1947
- 1955
- 1951
- 1950
Show answer and solution
Correct answer: D. 1950
The Commission was set up on 15 March 1950 with Nehru as chairman, a year before the first Five-Year Plan began.
CA Foundation Economy of India — practice questions
Explore 52 free Economy of India questions in CA Foundation Business Economics. Open each question or exercise to read its content, reference answers and available explanation.
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Showing questions 1–30 of 52.
In which year was India's Planning Commission established?Read the answer and worked solution →Who was the ex officio chairperson of the Planning Commission?Read the answer and worked solution →The first Five-Year Plan, launched in 1951, mainly focused on which sector?Read the answer and worked solution →Which institution replaced the Planning Commission after 2014?Read the answer and worked solution →Where did the Planning Commission derive its authority from?Read the answer and worked solution →Who was made head of the National Planning Committee?Read the answer and worked solution →Which body under K. C. Neogy functioned from 1944 to 1946?Read the answer and worked solution →In which year was the Eighth Five-Year Plan finally launched?Read the answer and worked solution →Current thinking holds that national planning should increasingly be of what nature?Read the answer and worked solution →In which year was the fourth Five-Year Plan started after three Annual Plans?Read the answer and worked solution →Which task was among the Planning Commission's functions under its 1950 resolution?Read the answer and worked solution →The Planning Commission was the biggest employer of which service?Read the answer and worked solution →Who was India's finance minister when the 1991 reforms began?Read the answer and worked solution →By mid-1991 foreign exchange reserves could cover imports for about how long?Read the answer and worked solution →Which event in 1990-91 caused an oil price spike and cut remittances from Gulf countries?Read the answer and worked solution →How large a bailout loan did India ask the IMF for during the 1991 crisis?Read the answer and worked solution →The 1991 balance-of-payments crisis was worsened by the collapse of which trading partner?Read the answer and worked solution →The New Industrial Policy of 1991 kept licensing for how many industries?Read the answer and worked solution →The 1991 policy pre-approved foreign investment up to what equity share?Read the answer and worked solution →By what percentage was the rupee devalued against the US dollar in 1991?Read the answer and worked solution →Which category of asset-based firms under government supervision was scrapped in 1991?Read the answer and worked solution →Which committee did the RBI Governor set up in August 1991 on the financial system?Read the answer and worked solution →The Narasimham Committee proposed cutting the SLR from 38.5% to what level?Read the answer and worked solution →By what nickname was P. V. Narasimha Rao often called for steering tough legislation?Read the answer and worked solution →Which currency step was part of the 1966 liberalisation attempt?Read the answer and worked solution →In 1966 which institutions did India approach for monetary aid?Read the answer and worked solution →Which policy of 1984 eased technology import limits and boosted software exports?Read the answer and worked solution →The IT industry body NASSCOM was established in which year?Read the answer and worked solution →Which parks offered tax benefits and fast data links to software exporters?Read the answer and worked solution →The Avadi Resolution of 1955 declared the aim of a what?Read the answer and worked solution →
Worked practice questions
Who was the ex officio chairperson of the Planning Commission?
- Finance Minister
- Union President
- RBI Governor
- Prime Minister
Show answer and solution
Correct answer: D. Prime Minister
The Prime Minister headed the Commission by virtue of office, with a deputy chairperson of Cabinet rank.
The first Five-Year Plan, launched in 1951, mainly focused on which sector?
- Agriculture
- Heavy industry
- Foreign trade
- Defence forces
Show answer and solution
Correct answer: A. Agriculture
The opening plan stressed farm development because food supply and irrigation were the immediate need after independence.
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