Which of the following are true? 

a) In India, Five year plans were supposed to provide the basis for the perspective plan.

b) Perspective plans have a duration of 25 years.

a is true, b is not

The correct answer is option 2: a is true, b is not

a) In India, Five year plans were supposed to provide the basis for the perspective plan. This is True.

b) Perspective plans have a duration of 25 years. This is false. Perspective plans have a duration of 20 years.

"A plan spells out how the resources of a nation should be put to use. It should have some general goals as well as specific objectives which are to be achieved within a specified period of time; in India plans were of five years duration and were called five year plans (we borrowed this from the former Soviet Union, the pioneer in national planning). Our plan documents upto the year 2017 not only specify the objectives to be attained in the five years of a plan but also what is to be achieved over a period of twenty years. This long-term plan is called ‘perspective plan’. The five year plans were supposed to provide the basis for the perspective plan. "