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Study Material For RRB Exam: General Knowledge (G.K.) - Economy: The Planning Commission

Study Material For RRB Exam - General Knowledge

Section : Economy

The Planning Commission

  • The Planning Commission was set up on March 15, 1950 under the chairmanship J.L. Nehru, by a resolution of Union Cabinet.
  • It is an extra-constitutional, non-statutory body.
  • It consists of Prime Minister as the ex-officio Chairman, one deputy-Chairn appointed by the PM and some full time members.
  • The tenure of its members and deputy chairman is not fixed. There is no defi definition of its members also. They are appointed by the Government on its c discretion. The number of members can also change according to the wishes of Government.

Functions

  • Assessment of material, capital & human resources of the country.
  • Formulation of plans for the most effective & balanced utilization of country’s resources.
  • To determine the various stages of planning and to propose the allocation of resources on the priority basis.
  • To act as an advisory body to the Union Government.
  • To evaluate from time to time the progress achieved in every stage of the plan and also to suggest remedial measures.
  • To advise the Centre and the State Governments from time to time on special matters referred to the Commission..

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IMPORTANT: RRB EXAM PORTAL is NOT associated with Railway Recruitment Board(RRB) or Indian Railways, For RRB official website visit - www.rrcb.gov.in