Candidates can create a balanced study plan for the UPSC exam by allocating time for each subject based on their individual strengths and weaknesses. This plan should include scheduled revisions, mock tests, and breaks to maintain mental well-being. Prioritizing topics that require more attention while ensuring coverage of the entire syllabus is crucial. Incorporating flexibility in the timetable allows for adjustments based on progress and unforeseen challenges. Regularly reviewing and adjusting the study plan based on performance in mock tests ensures sustained focus and improvement.