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Question : 31
Total: 52
Read the following statements carefully:
Statement 1: China introduced structural economic reforms on its own, without any pressure.
Statement 2: Scholars argue that in India, the economic reforms process led to the worsening of all the economic indicators.
In the light of the given statements, choose the correct alternatives from the following:
Statement 1: China introduced structural economic reforms on its own, without any pressure.
Statement 2: Scholars argue that in India, the economic reforms process led to the worsening of all the economic indicators.
In the light of the given statements, choose the correct alternatives from the following:
Solution:
(a) Statement 1 is true and Statement 2 is false.
Explanation: China introduced Structural Economic reforms on its own but India and Pakistan introduced economic reforms under pressure of IMF and World Bank. In India, the economic reforms process led to betterment of economic indicators i.e., Increased GDP, increased National Income and Per Capita Income, Increased investment and consumption etc.
Explanation: China introduced Structural Economic reforms on its own but India and Pakistan introduced economic reforms under pressure of IMF and World Bank. In India, the economic reforms process led to betterment of economic indicators i.e., Increased GDP, increased National Income and Per Capita Income, Increased investment and consumption etc.
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