The correct answer is: C. National Development Council
The National Development Council (NDC) is a high-level body that advises the central government on planning and development matters. It is chaired by the Prime Minister and includes the Chief Ministers of all states, members of the Union Cabinet, and other eminent persons. The NDC is responsible for finalizing the Five Year Plan Proposals, which are the blueprints for India’s economic development.
The Planning Commission was a body that was responsible for planning India’s economic development. It was set up in 1950 and was abolished in 2014. The Union Cabinet is the highest decision-making body of the Government of India. It is chaired by the Prime Minister and includes the Ministers of the Government. The Ministry of Planning is a ministry of the Government of India that is responsible for planning and development matters.
The Five Year Plan Proposals are the blueprints for India’s economic development. They are prepared by the Planning Commission and are finalized by the National Development Council. The Five Year Plans are based on the principles of economic planning, which is the process of setting goals for economic development and then taking steps to achieve those goals.