_______ is usually developed once but is modified from time to time to meet business needs as required.
Answer & explanation
Correct answer: option 2
The correct answer is Option (2) → Standing plan
Option (1) Single use plan — Incorrect. A single use plan is made for a one-time event, such as a budget for a trade fair. Once the event is over, the plan is not used again.
Option (2) Standing plan — Correct. A standing plan is used for activities that occur regularly over a period of time. So it is made once and kept in use, and it is changed only when business needs change. Policies, procedures, methods and rules are standing plans.
Option (3) Corrective action — Incorrect. Corrective action is the last step of controlling. It is taken when actual performance falls short of the standard. It is not a type of plan.
Option (4) Short range plan — Incorrect. This classifies plans by the period they cover, usually up to one year. It says nothing about whether a plan is used once or again and again.
NCERT (2026-27 Edition): “Standing Plan: A standing plan is used for activities that occur regularly over a period of time. It is designed to ensure that internal operations of an organisation run smoothly. Such a plan greatly enhances efficiency in routine decision-making. It is usually developed once but is modified from time to time to meet business needs as required. Standing plans include policies, procedures, methods and rules.” “Single-use Plan: A single-use plan is developed for a one-time event or project. Such a course of action is not likely to be repeated in future, i.e., they are for non-recurring situations. …” |
Note: The same/similar question has been asked in different years by NTA as per the details given below:
| 2026 | 2025 | 2024 | 2023 | 2022 |
| 23-05 S1 | 16-05 S1 | – | – | – |