Question : Based on national common mobility card standards, India's first indigenously developed inter-operable transport card was launched in March 2019 to make travel across various modes convenient. Identify the type of plan being described in the above lines.
Option 1: Strategy
Option 2: Programme
Option 3: Method
Option 4: Rule
Correct Answer: Strategy
Solution :
Strategy formulation is the responsibility of top-level executives, and it is essential to scan and comprehend the business environment before developing a strategy. Long-term decisions about the organization's direction and scope are defined by strategy. The common decision in strategy are whether to introduce a new product or not. In the above case, India's first indigenously developed inter-operable transport card was launched in March 2019 to make travel across various modes convenient comes under strategy plan.
Hence, option 1 is the correct answer.
