Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

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

Question:

Read the following statements - Assertion (A) and Reason (R)carefully and choose the correct alternative given below:
Assertion (A) :China did not have any compulsion to introduce reforms as directed by the world bank.
Reason (R ):The Maoist vision of economic development was based on decentralisation ,self-sufficient and shunning of foreign technology etc.

Options:

Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A) 

Both Assertion (A) and Reason (R) are true and Reason (R) is not the correct explanation of Assertion (A)

 Assertion (A) is true but Reason (R) is false

 Assertion (A) is false but Reason (R) is true

Correct Answer:

Both Assertion (A) and Reason (R) are true and Reason (R) is not the correct explanation of Assertion (A)

Explanation:

China did not have any compulsion to introduce reforms as dictated by the World Bank and International Monetary Fund to India and Pakistan. The new leadership at that time in China was not happy with the slow pace of growth and lack of modernisation in the Chinese economy under the Maoist rule. They felt that Maoist vision of economic development based on decentralisation, self sufficiency and shunning of foreign technology, goods and capital had failed. Despite extensive land reforms, collectivisation, the Great Leap Forward and other initiatives, the per capita grain output in 1978 was the same as it was in the mid-1950s