The Bihar State Planning Board plays a role in:

The correct answer is: Formulating development plans for the state.

The Bihar State Planning Board is a government body that is responsible for formulating development plans for the state. It does this by collecting data, analyzing it, and making recommendations to the government on how to improve the state’s economy and social welfare. The Board also monitors the implementation of these plans and makes adjustments as needed.

The other options are incorrect because:

• The Bihar State Planning Board does not implement central government schemes. This is the responsibility of the central government’s ministries and departments.
• The Bihar State Planning Board does not regulate private businesses. This is the responsibility of the state’s Department of Industries and Commerce.
• The Bihar State Planning Board does not collect taxes. This is the responsibility of the state’s Department of Finance.