Practicing Success

Target Exam

CUET

Subject

Political Science

Chapter

Contemporary World Politics: Contemporary Centres of power

Question:

This model allowed China to use its resources to establish the foundations of an industrial economy on a scale that did not exist before. Employment and social welfare were assured to all citizens.
Which model of economic development was adopted by China after its formation?

Options:

Capitalist model

USSR model

Mixed economy model

US model

Correct Answer:

USSR model

Explanation:

People's Republic of China's economy was based on the Soviet model.