Political Science · India's Foreign Policy
UGC NET Dec 2023 Political Science
Given below are two statements. In the light of the above statements, choose the most appropriate answer from the options given below.
- Statement I: The transformation of India's economy has not been as dramatic as that of post-communist countries in Eastern Europe.
- Statement II: India has produced growth rates as high as those of China in the 2010s.
ABoth Statement I and Statement II are correct ✓ Correct
BBoth Statement I and Statement II are incorrect
CStatement I is correct but Statement II is incorrect
DStatement I is incorrect but Statement II is correct
Correct answer: (A) Both Statement I and Statement II are correct — Both statements are correct, so the answer is both Statement I and Statement II are correct.
Explanation
★Both statements are correct, so the answer is both Statement I and Statement II are correct.
★Post-communist states of Eastern Europe underwent rapid 'shock therapy' after 1989, with sudden privatisation and price liberalisation.
★India's reform path from 1991 was gradual and incremental, opening the economy step by step rather than overnight, supporting Statement I.
★China's once double-digit growth eased to roughly 6-7 percent in the 2010s as its economy matured.
★India in the mid-2010s recorded growth around 7-8 percent, at times matching or exceeding China's, supporting Statement II.
★The two statements describe different things – the pace of transition and the level of growth – and both hold true.
★Together they capture India as a gradual reformer that still became one of the fastest-growing major economies.
Want more like this? Create a free account to practise a full test, track your progress, and get spaced-repetition review.
Shared by Mcqkart · via Mcqkart.in