| What do you understand by Rolling plan: |
| 1. It is totally opposite to the fixed plan. |
| 2. It is suggested by Gunnar Myrdal. |
| Choose the correct one: |
A) Only 1
B) Only 2
C) Both 1 and 2
D) neither 1 nor 2
Correct Answer: C
Solution :
[c] Rolling Plan: Every year the performance of the plan will be assessed and a new plan will be made next year based upon this assessment. The main advantage of the rolling plans is that they are flexible. They are able to overcome the rigidity of fixed five year plans by revising targets, projections and allocations as per the changing conditions in the country's economy. Thus, the rolling plans allow for revisions and adjustments. In rolling plans the review of a plan becomes a continuous exercise. The effect of changed circumstances and the changed demand and supply conditions can be incorporated in the plan.
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