Which one of the following is the correct sequence of formation of the

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Which one of the following is the correct sequence of formation of the Commissions starting from the earliest?

Finance Commission, Planning Commission, Investment Commission, Election Commission
Election Commission, Planning Commission, Finance Commission, Investment Commission
Planning Commission, Election Commission, Finance Commission, Investment Commission
Investment Commission, Finance Commission, Planning Commission, Election Commission
This question was previously asked in
UPSC CDS-1 – 2020
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Let’s check the establishment dates of the commissions: Election Commission (Jan 25, 1950), Planning Commission (Mar 1950), Finance Commission (1951), Investment Commission (2004).
Arranging them chronologically based on their formation gives the sequence: Election Commission, Planning Commission, Finance Commission, Investment Commission.
The Election Commission and Finance Commission are constitutional bodies established under specific articles. The Planning Commission was an extra-constitutional body established by executive resolution (replaced by NITI Aayog in 2015). The Investment Commission was an advisory body.

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