Tag: economics

Quizzes (361) Questions (3598)

Questions Related to economics

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 occupied _______ rank in terms of inflow of FDI as compared to $9^{th}$ rank of India.

  1. $7^{th}$
  2. $4^{th}$
  3. $2^{nd}$
  4. $10^{th}$
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

China's massive FDI inflow consistently ranked it as the second-largest recipient globally during the relevant period, while India ranked ninth.

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

Individual farmlands were collectivized into __________ during 1950s in China.

  1. communes

  2. agriculture co-operation

  3. both 'a' and 'b'

  4. none of the above
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

During the 1950s, China implemented the 'Great Leap Forward' and collectivized individual farmlands into large units known as communes.

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 population engaged in agricultural sector in China declined from 60% in 1991 to ______ in 2014.

  1. 32%

  2. 49%

  3. 46%

  4. 35%
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

The percentage of China's population engaged in agriculture dropped significantly as the country industrialized, reaching 35% by 2014.

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%.