Q. Which of the following best defines the Rolling Plan?
Answer: Perspective of Five-Year Plan with the provision of extending by one year at a time so that there would be a constant planning horizon of five years
Notes: Rolling plan is a plan which is designed to continue over a period of time and is subject to regular review and updating. The Janta Government terminated the fifth five year plan in 1977-78 and launched its own sixth five year plan for period 1978-83 and called it a Rolling Plan.
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.

This question is part of 40000+ General Studies MCQ Series Course on GKToday Android app. Question Number: 31 in 5. Economic Planning, Planning Commission, NITI Aayog in above course in App.