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_ was set up by the… (Class 12 Economics 2026, Q24)

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EconomicsCBSE Class 12 · Board exam 2026, set 58/5/1 · 1 mark · MCQ

CBSE Class 12 Economics 2026: question 24

Set in the CBSE Class 12 board exam of 2026, paper 58/5/1, section B, question 24, for 1 mark. Try it first; the hints and our step-by-step solution are below.

Q24 · 1 mark · MCQIndian Economy 1950-1990

___________ was set up by the Government of India in 1950 to formulate plans for the most effective and balanced utilisation of resources. (Choose the correct option to fill in the blank)

  1. (A)NITI Aayog
  2. (B)Planning Commission
  3. (C)Karve Committee
  4. (D)World Trade Organisation

Source: official question paper from cbse.gov.in (PDF). See it in the full 2026 board paper, set 58/5/1.

Hints

Open one hint at a time and try again before the next.

Hint 1

NITI Aayog was set up in 2015.

Hint 2

Which body made India's five-year plans?

Step-by-step solution

Each step shows the marks it earns, as an examiner would award them. Checked by an independent re-solve from the question paper.

  1. In 1950 the Government of India set up the Planning Commission, chaired by the Prime Minister, to formulate five-year plans.

  2. NITI Aayog replaced it only in 2015; the Karve Committee (1955) dealt with small-scale industries; the WTO is an international body. Option (B).

    1 mark

Answer: (B) Planning Commission

Where the marks are

  • Planning Commission set up in 1950 (1 mark)

Revise the chapter

Practise this chapterBoard-style questions from Indian Economy 1950-1990, one at a time, marked against the answer key and marking points.Back to the full paper2026 board paper, set 58/5/1: every question, by section.

The question is transcribed from the official paper; figures are described in words. The solution, hints and chapter tag are ours. Spotted an error? Write tosupport@questionbuddy.in.