Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

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

Question:

What similar development strategies have India and Pakistan followed for their respective development paths?

Options:

Financial model

Religious model

Economic model

Both 1 and 3

Correct Answer:

Economic model

Explanation:

Both the countries follow a mixed economic model i.e. socialism + capitalism. Apart from this, both of them initiated their development process on the basis of economic planning after independence. They have a large public sector. The economic reforms initiated by them were more or less around the same time i.e. India - 1991 and Pakistan - 1988.