Multiple choice The Planning Commission was set up in the year: 1947 1950 1952 1948 Reveal answer Fill a bubble to check yourself B Correct answer Explanation The Planning Commission of India was established on March 15, 1950, by a resolution of the Government of India. It was tasked with formulating Five-Year Plans for the country's economic development. It was later replaced by NITI Aayog in 2015.