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Today General Knowledge(GK)
The highest body which approves the Five Year Plan in India is the
A)
Planning Commission
B)
Union Cabinet
C)
Finance Ministry
D)
National Development Council

Correct Answer : Option (D) - National Development Council



The National Development Council (NDC) or the Rashtriya Vikas Parishad is the apex body for decision making and deliberations on development matters in India, presided over by the Prime Minister. It was set up on August 6, 1952 to strengthen and mobilize the effort and resources of the nation in support of the Plan, to promote common economic policies in all vital spheres, and to ensure the balanced and rapid development of all parts of the country. The Council comprises the Prime Minister, the Union Cabinet Ministers, Chief Ministers of all States or their substitutes, representatives of the union territories and the members of the Commissions. It is an extraconstitutional and non-statutory body. Its status is advisory to planning commission but not binding.

Published On : June 26, 2021
Category : Indian Economy
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