Indicative Planning is 1 When the state sets broad parameters and goals for the economy 2 When...........

Economic Affairs Planning in India

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Indicative Planning is

1. When the state sets broad parameters and goals for the economy

2. When the plan is made for 15-20 years

3. When targets to be achieved are indicated broadly

4. When the plan is reviewed every third month

Select the correct answer using the codes given below:

1 and 3 Only

1, 2 and 3 Only

4 Only

2 Only

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Explanation:

In indicative planning the private sector is neither rigidly controlled nor directed to fulfill the targets and priorities of the plan. Even then, the private sector is expected to fulfill the targets for the success of the plan. The state provides all types of facilities to the private sector but does not direct it, rather indicates the areas in which it can help in implementing the plan.
The indicative plan is conceived as coordinated information that guides the choices of separate entities in the market economy.