Q.Match the following (match the Column A item with the correct option from Column B):
Column A: Prime Minister
Column B: a) Wholesale Price Index b) Chairperson of the Planning Commission c) More expensive d) Divisional values e) Literacy Rate f) India and the Knowledge economy

Prime Minister matches with option (b) Chairperson of the Planning Commission.

The chapter on Indian Economy 1950-1990 in the Karnataka 1st PUC course explains that economic planning in India was carried out through the Planning Commission, set up in 1950. The Prime Minister of India was the ex-officio Chairperson (Chairman) of the Planning Commission, which formulated the Five Year Plans.

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The Planning Commission was established in 1950 — option (b).

The Planning Commission was set up by the Government of India in 1950 to formulate the Five Year Plans and guide the planned development of the economy. (It was replaced by NITI A …

Economic planning means a government-directed process of setting targets and allocating resources to achieve defined development goals within a set period.

Economic planning refers to a deliberate, centrally coordinated effort by the government to utilise a country's available resources (labour, capital, land, technology) in a planned manner, setting out clear targets to be achieved within a specified time period (typically five years, as in India's Five Year Plans). A plan spells out how the country's resources should be used across different sectors (agriculture, industry, services) to achieve declared objectives — commonly growth, modernisation, self-reliance, and equity/social justice.

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The Planning Commission was established in 1950, so option (a) is correct.

In this Kerala Plus One (DHSE) economics question, the key is the founding year of the body that drafted India's Five Year Plans.

• After Independence, India chose planned development to modernise the economy. The Planning Commission was set up in March 1950 through a resolution of the Union Cabinet, with the Prime Minister as its chairman. …

Prime Minister matches option (b) — Chairperson of the planning commission.

In the Indian Economy 1950-1990 chapter of Karnataka 1st PUC Economics, economic planning was carried out through the Planning Commission (set up in 1950), which prepared the Five Year Plans. The Prime Minister of India acted as its ex-officio Chairperson. H …

India adopted a mixed economy — option (c).

After independence, India adopted a mixed economy for its development — a system combining features of both capitalism and socialism. In it, the public sector (government) and the private sector coexist: the government takes charge of key and infrastructure industries and works for socia …

The Planning Commission was set up in 1950, a year before India's First Five Year Plan began in 1951.

After independence, India adopted centralised economic planning as its development strategy, and to formulate and oversee these plans the Government of India set up the Planning Commission in 1950 (by a Cabinet resolution, as an extra-constitutional/advisory body, not through an Act of Parliament). The Commission went on to design and launch the **First F …

India's First Five Year Plan was announced in 1951, running from 1951 to 1956.

Soon after Independence, India adopted the Soviet-inspired model of centralised, five-year economic planning through the Planning Commission (established in 1950). The First Five Year Plan was launched in 1951, covering the period 1951–56, and focused primarily on agriculture, irrigation, and power projects, given the urgent need to boost food production and rehabilitate an economy disrupted by Partition. It was followed by a continuous series of Five Year Plans (with brief plan h …