Target Exam

CUET

Subject

Economics

Chapter

Indian Economic Development: Comparative Development Experiences of India and its Neighbours

Question:

Read the following passage carefully and answer the questions given that below:

COMPARITIVE ANALYSIS ON INDIA, CHINA AND PAKISTAN

India, China and Pakistan have travelled more than seven decades of developmental path with varied results. Till the late 1970s, all of them were maintaining the same level of low development. The last three decades have taken these countries to different levels. India, with democratic institutions, performed moderately, but majority of its people still depend on agriculture. India has taken many initiatives to develop the infrastructure and improve the standard of living. Scholars are of the opinion that political instability, over-dependence on remittances and foreign aid along with volatile performance of agriculture sector are the reasons for the slowdown of the Pakistan economy. Yet, last five years, many macroeconomic indicators began showing positive and moderate growth rates reflecting the economic recovery. In China, the lack of political freedom and its implications for human rights are major concerns; yet, in the last four decades, it used the 'market system without losing political commitment' and succeeded in raising the level of growth alongwith alleviation of poverty.

Which of the following is not true about Chinese Economy in the last few decades?

Options:

Lack of political freedom

Rise in the level of growth

Use of market system without compromising with political commitment

Granting the people right to make social, political and economic decisions

Correct Answer:

Granting the people right to make social, political and economic decisions

Explanation:

The correct answer is Option (4) → Granting the people right to make social, political and economic decisions

The passage highlights the lack of political freedom in China as a major concern. While the Chinese government successfully used a market system to drive economic growth and alleviate poverty, it did so without granting its citizens the freedom to make social, political, and economic decisions independently. The state maintained strict political control, ensuring that economic reforms did not compromise its political authority. The other options accurately describe aspects of China's economic system and growth trajectory in recent decades.