The Chairperson of Planning Commission in India is:
The question asks about the Chairperson of the Planning Commission in India. The Planning Commission was an institution in the Government of India, which formulated India's Five-Year Plans, among other functions. It played a central role in planning the country's development after independence.
The Chairperson was the chief executive of the Planning Commission. This position was always held by the serving Prime Minister of India. The Prime Minister, being the head of government, provided overall direction and guidance to the work of the Commission.
Based on the structure and history of the Planning Commission, the person who chaired it was the Prime Minister of India.
Therefore, the correct answer is the Prime Minister of India, who served as the Chairperson of the Planning Commission.
| Body | Chairperson |
|---|---|
| Planning Commission (defunct) | Prime Minister of India |
| NITI Aayog (current) | Prime Minister of India |
| Aspect | Details |
|---|---|
| Establishment | 15 March 1950 |
| Type | Advisory body |
| Chairperson | Prime Minister of India |
| Purpose | Formulate Five-Year Plans, advise on resource allocation |
| Replacement | Replaced by NITI Aayog on 1 January 2015 |
The Planning Commission was a key institution responsible for centralized planning in India. It was established based on the principle of socialist planning adopted by the government post-independence. The Prime Minister always held the top leadership role as the Chairperson, signifying the importance of national planning under the highest political authority.
However, over time, questions were raised about the effectiveness and relevance of the Planning Commission in a changing economic landscape. In 2015, the Government of India replaced the Planning Commission with the National Institution for Transforming India (NITI Aayog). Like the Planning Commission, the Prime Minister of India serves as the Chairperson of NITI Aayog as well. NITI Aayog is designed as a think-tank and policy-making body, focusing on a more bottom-up approach to planning and development.
While the institution itself has changed from the Planning Commission to NITI Aayog, the role of the Prime Minister as the chairperson of the primary national planning/policy body remains constant.
If the value of Investment Multiplier is 5 and the increased income is ₹ 800 crore in an economy, then find the value of change in the investment in the economy.
Which of the following statements are true?
(A) Quantitative tools control the extent of money supply by changing the CRR.
(B) There are two types of open market operations – outright and upright.
(C) A fall in the bank rate can decrease the money supply.
(D) Selling of a bond by RBI leads to reduction in quantity of reserves.
(E) The RBI can influence money supply by changing the rate at which it gives loan to the commercial banks.
Choose the correct answer from the options given below:
Paradox of Thrift means :
Match List-I with List-II:
| List-I | List-II |
|---|---|
| (A) Bank Rate | (I) Securities are pledged in order to repurchase |
| (B) Marginal Standing Facility | (II) Minimum rate at which funds are provided for long term |
| (C) Repo Rate | (III) Also known as Penal Interest Rate |
| (D) Reverse Repo Rate | (IV) Central Bank borrows funds from commercial banks |
Choose the correct answer from the options given below:
Which of the following is not a function of Central Bank ?