Target Exam

CUET

Subject

Political Science

Chapter

Contemporary World Politics: Contemporary Centres of power

Question:

Read the passage and answer the question:

The economically backward communist China chose to sever its links with the capitalist world. It had little choice but to fall back on its own resources and, for a brief period, on Soviet aid and advice. The model was to create a state-owned heavy industries sector from the capital accumulated from agriculture. As it was short of foreign exchange that it needed in order to buy technology and goods on the world market, China decided to substitute imports with domestic goods. This model allowed China to use its resources to establish the foundations of an industrial economy on a scale that did not exist before. Employment and social welfare were assured to all citizens, and China moved ahead of most developing countries in educating its citizens and ensuring better health for them. The economy also grew at a respectable rate of 5-6 per cent.

In the year 2001, China became a part of which organization?

Options:

United Nations

ASEAN

World Trade Organization

NATO

Correct Answer:

World Trade Organization

Explanation:

The correct answer is Option 3 - World Trade Organization

In the year 2001, China became a part of World Trade Organization.

China has become the most important destination for foreign direct investment (FDI) anywhere in the world. It has large foreign exchange reserves that now allow it to make big investment in other countries. China’s accession to the WTO in 2001 has been a further step in its opening to the outside world. The country plans to deepen its integration into the world economy and shape the future world economic order.

 

Other options:

The Republic of China (ROC) joined the UN upon its founding in 1945. (OPTION 1)
ASEAN formed in 1967 includes ten Southeast Asian countries: Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam. It does not include China. (OPTION 2)
NATO, formed in 1949 includes 32 countries. China is not a part of NATO. (OPTION 3)