Tag: comparing indian and chinese economies

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Questions Related to comparing indian and chinese economies

Multiple choice economics comparative studies of indian and chinese economies comparing indian and chinese economies comparative development experiences of india and its neighbours economics of development

The planning technique of socialist economy is no longer used in China.

  1. True

  2. False
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

China still utilizes state planning as a core component of its socialist market economy, despite significant market-oriented reforms. The planning mechanism remains a central pillar of the Chinese economic model.

Multiple choice economics comparative studies of indian and chinese economies comparing indian and chinese economies comparative development experiences of india and its neighbours economics of development

____________ enterprises account for about half of China's exports today.

  1. Public

  2. Private

  3. Foreign-invested

  4. Domestic
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Foreign-invested enterprises (FIEs) have historically played a massive role in China's export-oriented growth strategy. They account for a very large share of total export value.

Multiple choice economics comparative studies of indian and chinese economies comparing indian and chinese economies comparative development experiences of india and its neighbours economics of development

Around ________ of total world manufacturing output is produced in China.

  1. 25%

  2. 2.5%

  3. 8%

  4. 5.8%
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Based on historical economic data from the early 2010s, China's share of global manufacturing output was estimated around 8% to 10% during that period, before rising further.

Multiple choice economics comparative studies of indian and chinese economies comparing indian and chinese economies comparative development experiences of india and its neighbours economics of development

Growth in China's foreign trade accelerated after it joined WTO in 2001.

  1. True

  2. False
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

China's accession to the World Trade Organization (WTO) in 2001 significantly reduced trade barriers and integrated the country into the global market, leading to a surge in export and import volumes.

Multiple choice economics comparative studies of indian and chinese economies comparing indian and chinese economies comparative development experiences of india and its neighbours economics of development

China's average rate of growth in foreign trade was at _______ per year in in 2014.

  1. 26%

  2. 15%

  3. 32%

  4. 12%
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Statistical records for China's foreign trade growth during the early 2010s indicate an average annual growth rate of approximately 26%.

Multiple choice economics comparative studies of indian and chinese economies comparing indian and chinese economies comparative development experiences of india and its neighbours economics of development

China's GDP grew at an average of ________ during 1979-2014.

  1. 10.4%

  2. 7.6%

  3. 9.3%

  4. 9.8%
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

During the period of rapid economic growth following the 1978 reforms, China maintained an average annual GDP growth rate of approximately 9.8%.

Multiple choice economics comparative studies of indian and chinese economies comparing indian and chinese economies comparative development experiences of india and its neighbours economics of development

Economic development in China can be attributed to open-door policy with regard to FDI inflow.

  1. True

  2. False
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The open-door policy, which encouraged Foreign Direct Investment (FDI), was a fundamental driver of China's industrialization and economic modernization.

Multiple choice economics comparative studies of indian and chinese economies comparing indian and chinese economies comparative development experiences of india and its neighbours economics of development

The share of industrial sector in GDP of China rose from 14% in 1979 to ______ in 2014.

  1. 26%

  2. 43%

  3. 32%

  4. 19%
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

China's industrial sector grew significantly as a share of GDP, reaching approximately 43% by 2014, reflecting its transition into a global manufacturing hub.

Multiple choice economics comparative studies of indian and chinese economies comparing indian and chinese economies comparative development experiences of india and its neighbours economics of development

The 'Great Leap Forward' campaign was launched in China focusing on widespread _____________ in the economy.

  1. agriculture

  2. industrialisation

  3. both 'a' and 'b'

  4. neither 'a', nor 'b'
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The Great Leap Forward was a campaign aimed at rapidly transforming China from an agrarian economy into a modern industrial society through mass mobilization.

Multiple choice economics comparative studies of indian and chinese economies comparing indian and chinese economies comparative development experiences of india and its neighbours economics of development

China achieved an average annual growth rate of __________ during the pre-reform period.

  1. 3.2%

  2. 6.9%

  3. 5.3%

  4. 7.2%
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

During the pre-reform period (1952-1978), China's economy grew at a more moderate pace, with an average annual growth rate of about 5.3%.