Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

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

Question:

Which of the following statements is true?

Statement 1- The reason for slow-down of growth and re-emergence of poverty in Pakistan's economy, in 1990s was that rise in food supply was not based on institutionalised process of technical change but on good harvest.

Statement 2- In Pakistan most foreign exchange earning came from import and export of industrial goods.

 

Options:

Only statement 1 is true

Only statement 2 is true

Both statement 1 and statement 2 are true

Neither statement 1 nor statement 2 is true

Correct Answer:

Only statement 1 is true

Explanation:

In Pakistan most foreign exchange earnings came from remittances from Pakistani workers in the Middle-east and the exports of highly volatile agricultural products