Step 1: Understanding the Planning Commission.
The Planning Commission was set up to oversee India’s economic planning and Five-Year Plans. It was established under the resolution of the Government of India in March 1950.
Step 2: Analyzing the options.
(A) 1948: Incorrect — the idea was discussed, but the commission wasn’t formed.
(B) 1950: Correct — it was officially constituted in March 1950 by a cabinet resolution.
(C) 1952: This was the year of the First Five-Year Plan, not the commission’s formation.
(D) 1954: Incorrect — by then, planning had already begun.
Step 3: Conclusion.
Thus, the Planning Commission was formed in 1950.