In India, what is the duration of a "short term" plan?
Answer & explanation
Correct answer: option 2
The correct answer is Option 2: 5
India follows a 5-year planning system which was borrowed from the former soviet union (Pioneer in national planning).
The plans which are formed in India are of 2 types :
- 5-year plan (Short term plan)
- 20-year plan (Long term plan)
The long term plan which is for 20 years is called as Perspective plan.