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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- India, Pakistan and China have similar physical endowments and political systems.

Statement 2- China introduced economic reforms on its own initiative while they were forced upon India and Pakistan by international agencies.

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 2 is true

Explanation:

India, Pakistan and China have similar physical endowments but totally different political systems. Whereas, IMF and World Bank forced India and Pakistan to introduce economic reforms, unlike China who introduced them on their own will.

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