Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

General Knowledge

Topic

Economics

Question:

The concept of planning which was pioneered by Soviet Union, has 2 aspects i.e. short-term plan and long-term plan. What is the other name for the long-term plan?

Options:

Visionary plan

Ingenious plan

Perspective plan

Both 2 and 3

Correct Answer:

Perspective plan

Explanation:

The planning which we do not only specify the objectives to be attained in the five years of a plan (Short-term plan) but also what is to be achieved over a period of twenty years (Long-term plans). This long-term plan is called ‘perspective plan’. The five year plans were supposed to provide the basis for the perspective plan.