Detailed Explanation:

✅ Statement 2 – Correct: The National Development Council (NDC) was the apex body for approving and reviewing Five-Year Plans in India, directly associated with national planning.

✅ Statement 5 – Correct: Parliament has constitutional authority to approve Five-Year Plans and budgetary allocations for planned development.

❌ Statement 1 – Incorrect: The Finance Commission deals with tax devolution and grants-in-aid between Centre and States, not with formulating development plans.

❌ Statement 3 – Incorrect: The Union Ministry of Rural Development implements sectoral schemes like MGNREGA and PMAY-G, not overall national planning.

❌ Statement 4 – Incorrect: The Union Ministry of Urban Development (now Ministry of Housing and Urban Affairs) executes urban-specific programs, not macro-level planning.