Planning Commission was set up to uptake the task of planned development of Indian economy. Consider the following statements in this regard and choose correct statement/s:

1. Planning Commission is a statutory body set up in March, 1950 by government of India

2. Bombay Plan – 1944, was the brainchild of Congress working committee which provided a blueprint for the planned economy for the country

3. 1st five year plan had focussed on agrarian sector, investment in dams, irrigation and land reforms

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