Read the following statements carefully:
Statement 1: China has used the Market system mechanism without losing political commitment to create additional social and economic opportunities.
Statement 2: India, Pakistan, and China have similar physical endowments but totally different Political systems.
Read the following statements carefully:
Statement 1: China has used the Market system mechanism without losing political commitment to create additional social and economic opportunities.
Statement 2: India, Pakistan, and China have similar physical endowments but totally different Political systems.
Show Hint
- Statement 1 is true and Statement 2 is false.
- Statement 1 is false and Statement 2 is true.
- Both Statement 1 and 2 are true.
- Both Statement 1 and 2 are false.
The Correct Option is C
Solution and Explanation
Statement 1 is true: China has adopted a marketoriented approach since its economic reforms, while still maintaining strict political control. This approach has created additional social and economic opportunities for its citizens.
Statement 2 is true: While India, Pakistan, and China have similar geographical endowments, their political systems differ significantly. India is a democracy, Pakistan has had military interventions, and China is a oneparty communist state.
Conclusion: Both statements are true, reflecting the economic and political differences between these countries.
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Statement 1: Expost savings and Expost investments are equal at all levels of income.
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I. Purchase of land in England by an Indian
II. Foreign tourists visiting Taj Mahal
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From the following, identify the correct reasons that may affect the supply of foreign exchange in an economy:
I. Purchase of land in England by an Indian
II. Foreign tourists visiting Taj Mahal
III. Donation of 500 million dollars from Microsoft
IV. Indian students going to Australia for studies- 'Open Market Operation by the Reserve Bank of India (RBI) helps in regulating money supply in the economy." Justify the given statement.
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