Match List-I with List-II
| List-I | List-II |
| (Types of plans) | (Description) |
| (A) Objectives | (I) These are general statements that guide thinking or channelise energies towards a particular direction. |
| (B) Strategies | (II) These are specific statements that inform what is to be done. |
| (C) Policies | (III) These are ends which the management seeks to achieve by its operations. |
| (D) Rules | (IV) These are the comprehensive plans for accomplishing objectives. |
Choose the correct answer from the options given below:
Answer & explanation
Correct answer: option 2
The correct answer is Option (2) → (A) - (III), (B) - (IV), (C) - (I), (D) - (II)
(A) Objectives — this matches (III) These are ends which the management seeks to achieve by its operations. An objective is the end result the firm wants, such as a 10% rise in sales. Every other plan is made to reach it.
(B) Strategies — this matches (IV) These are the comprehensive plans for accomplishing objectives. A strategy sets the direction and scope of the whole business, taking the environment into account.
(C) Policies — this matches (I) These are general statements that guide thinking or channelise energies towards a particular direction. A policy, such as a pricing policy, guides decisions but leaves room for judgement.
(D) Rules — this matches (II) These are specific statements that inform what is to be done. A rule, such as “no smoking”, allows no flexibility. It must be followed as stated.
NCERT (2026-27 Edition): “Objectives … Objectives are very basic to the organisation and they are defined as ends which the management seeks to achieve by its operations. …” “Strategy … Thus, we can say a strategy is a comprehensive plan for accomplishing an organisation objectives. …” “Policy Policies are general statements that guide thinking or channelise energies towards a particular direction. …” “Rule Rules are specific statements that inform what is to be done. They do not allow for any flexibility or discretion. …” |