Which of the following statement is NOT correct in the context of India, Pakistan and China? |
Till the late 1970s, these three countries were maintaining the same level of low development. Political stability, over-dependence on remittances and foreign aid along with volatile performance of agriculture sector are the reasons for the slowdown of the Pakistan economy during the last few decades. China in the last four decades has used the ‘market system without losing political commitment’ and succeeded in raising the level of growth alongwith alleviation of poverty. None of the above |
Political stability, over-dependence on remittances and foreign aid along with volatile performance of agriculture sector are the reasons for the slowdown of the Pakistan economy during the last few decades. |
The correct answer is Option 2: Political stability, over-dependence on remittances and foreign aid along with volatile performance of agriculture sector are the reasons for the slowdown of the Pakistan economy during the last few decades. Till the late 1970s, these three countries were maintaining the same level of low development. This is true. Political stability, over-dependence on remittances and foreign aid along with volatile performance of agriculture sector are the reasons for the slowdown of the Pakistan economy during the last few decades. This is false. 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 during the last few decades. China in the last four decades has used the ‘market system without losing political commitment’ and succeeded in raising the level of growth alongwith alleviation of poverty. This is true. |