Which of the following statements is correct?.
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. The five-year plan permits long-term intervention by the government in the economy.
The statement "The five-year plan permits long-term intervention by the government in the economy" is correct.
Five-Year Plans: These are centralized and integrated national economic programs in India that outline the country's development strategy over a five-year period.
Long-term Intervention: The plans allow the government to set targets for various sectors, allocate resources, and implement policies aimed at economic growth and development.