Topics:
CH-8: COMPARATIVE DEVELOPMENT EXPERIENCES OF INDIA AND ITS NEIGHBOURS, Indian Economic Development, NCERT Books
China Market System Approach
Unlike India and Pakistan which are privatising, China has used the market mechanism to:
- Eliminate all public enterprises
- Create additional social and economic opportunities — Correct Answer
- Remove all government control
- Only benefit foreign investors
Explanation:
Correct Answer Explanation
China has used the market mechanism to create additional social and economic opportunities.
Key Points:
- China used market system without losing political commitment.
- India and Pakistan are privatising public sector enterprises.
- China retained collective ownership of land for social security.
Why Other Options Are Wrong
- A: China retained SOEs.
- C: Government still has significant control.
- D: Benefits were for the broader population.
📚 About this Topic — CH-8: COMPARATIVE DEVELOPMENT EXPERIENCES OF INDIA AND ITS NEIGHBOURS
This multiple choice question is from CH-8: COMPARATIVE DEVELOPMENT EXPERIENCES OF INDIA AND ITS NEIGHBOURS, Indian Economic Development, NCERT Books. It has 4 options with a detailed explanation of the correct answer. Practice more MCQs from CH-8: COMPARATIVE DEVELOPMENT EXPERIENCES OF INDIA AND ITS NEIGHBOURS to strengthen your preparation.
