Question

What is resource planning?
A)Justified use of products is known as resource planning.
B)Judicious use of resources is known as resource planning.
C)Just dial use of resources is known as resource planning.
D)None of these.

Answer 1

Hint :Planning is defined as the actions or strategies undertaken for the purpose of achieving any desired objective in the future.

Complete answer :
Option B, ‘judicious use of resources’ is defined as the skill or technique adopted for the proper utilization of resources is known as resource planning. It involves three steps:
Firstly, the identification of resources across regions in the country which involves survey, mapping, qualitative and quantitative approximation and measurement of resources.
Secondly, planning a structure equipped with appropriate technology, skill and institutional set up for implementing the plans.And finally, matching the resource development plans with the overall development of the nation. So, it is the correct answer.

Option A, ‘justified use of products’ is defined as the value it creates for the company and the customers as well by providing customer satisfaction and fulfilling their needs. It also explains how the product of a company is different from its competitors which creates a strong customer base over another. So, it is not the correct answer.

Option C, ‘just dial use of resources’ is a company which provides local facilities for a variety of services in India over the phone, website and mobile apps such ordering food, travel, movies, online shopping etc. Thus, it is not the correct answer.

Option D is an invalid option.

Thus, the correct answer is Option B, i.e. ‘judicious use of resources is resource planning’.

Note :For Example, the state of Rajasthan has great capacity for the development of solar and wind energy but still lacks water resources. In such situations there is a need for resource planning to overcome these deficiencies.