Consider the following Statements:

  1. Indicative Planning is a feature of ‘Mixed Economy’.
  2. Perspective Planning is used by socialist countries where each and every aspect of planning is controlled by the State.

Which of the above Statement(s) is/are correct?

[A] Only 1
[B] Only 2
[C] Both 1 and 2
[D] Neither 1 nor 2

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