CUET Preparation Today
CUET
Economics
Indian Economic Development: Comparative Development Experiences of India and its Neighbours
Which of the following statements is true? Statement 1- China has used the "Market mechanism" to create additional social and economic opportunities in the country near about 1980's. Statement 2- China ensured social security in rural areas with the help of "Economic reforms", 1978. |
Only statement 1 is true Only statement 2 is true Both statement 1 and statement 2 are true Neither statement 1 nor statement 2 is true |
Both statement 1 and statement 2 are true |
China had used the "Market mechanism" to create additional social and economic opportunities in the country by introducing "Dual pricing" policy. By retaining collective ownership of land and allowing individuals to cultivate lands, China had ensured social security in rural areas. |