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Q:

The five-year plan in India is formulated by the:

  • 1
    Ministry of Finance
  • 2
    Planning Commission
  • 3
    Ministry of Education
  • 4
    Ministry of Agriculture
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Answer : 2. "Planning Commission"
Explanation :

Planning commission formulated plans in India. It had formulated 12 five year plans, later on it was replaced by NITI Aayog. You can read about the National Institution for Transforming India (NITI Aayog) – A Brief Overview in the given link.

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