Which of the following statements is true?
Statement 1- Till the 1980s, all the three countries viz. India, China and Pakistan had similar growth rates and per capita incomes.
Statement 2- The present day fast industrial growth in China can be traced back to the reforms introduced in 1988.
Answer & explanation
Correct answer: option 1
The correct answer is option 1: Only statement 1 is true
Statement 1- Till the 1980s, all the three countries viz. India, China and Pakistan had similar growth rates and per capita incomes. This is true.
Statement 2- The present day fast industrial growth in China can be traced back to the reforms introduced in 1988. This is false. The present day fast industrial growth in China can be traced back to the reforms introduced in 1978.