Comprehension
In the decade to come, the United States, Europe, and Japan are likely to grow slowly. Their sluggishness, however, will look less worrisome compared with the even bigger story in the global economy, which will be the three to four percent slowdown in China, which is already under way, with a possibly deeper slowdown in store as the economy continues to mature. China’s population is simply too big and aging too quickly for its economy to continue growing as rapidly as it has. With over 50 percent of its people now living in cities, China is nearing what economists call “the Lewis turning point”: the point at which a country’s surplus labor from rural areas has been largely exhausted. This is the result of both heavy migration to cities over the past two decades and the shrinking work force that the one-child policy has produced.As growth slows in China and in the advanced industrial world, these countries will buy less from their export-driven counterparts, such as Brazil, Malaysia, Mexico, Russia, and Taiwan. During the boom of the last decade, the average trade balance in emerging market countries that have managed to sustain a five percent growth rate for a full decade, since 1930, 52 percent were democracies and 48 percent were authoritarian. Atleast over the short to medium term, what matters is not the type of political.system a country has, but rather the presence of leaders who understand and can implement the reforms required for growth.
Question: 1
According to passage, which of the following statements is not true?
A. During the past 10 yr or so, only democratic countries have shown a sustained growth.
B. During the 10 yr or so, Japan is likely to show a slow rate of growth.
C. Leaders of a country can bring about changes which promote growth.
According to passage, which of the following statements is not true?
A. During the past 10 yr or so, only democratic countries have shown a sustained growth.
B. During the 10 yr or so, Japan is likely to show a slow rate of growth.
C. Leaders of a country can bring about changes which promote growth.
A. During the past 10 yr or so, only democratic countries have shown a sustained growth.
B. During the 10 yr or so, Japan is likely to show a slow rate of growth.
C. Leaders of a country can bring about changes which promote growth.
Updated On: Sep 23, 2024
- only B
- only A
- A and C
- B and C
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The Correct Option is C
Solution and Explanation
During the past 10 yr or so, only democratic countries have shown a sustained growth. The passage clearly states that both democracies and authoritarian regimes have experienced growth. So the correct option is (C)
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Question: 2
As per the passage, in our immediate future, which of the following factors will cause more anxiety?
As per the passage, in our immediate future, which of the following factors will cause more anxiety?
Updated On: Sep 23, 2024
- China's unprecedented growth
- European countries 'slow growth
- China's slow growth
- None of the above
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The Correct Option is C
Solution and Explanation
The passage indicates that China's slowdown, particularly the anticipated three to four percent decline, is a significant concern in the global economy and is likely to cause more anxiety compared to the slow growth in the U.S. and Europe. So the correct option is (C)
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Question: 3
Which of the following is a reason for China's slow growth rate?
Which of the following is a reason for China's slow growth rate?
Updated On: Sep 23, 2024
- Considerable migration of labour from rural to urban, areas has resulted in reduction of workforce availability
- Family planning measures adopted by Chinese families
- China's population is aging rather quickly
- All of the above
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The Correct Option is D
Solution and Explanation
The passage cites multiple reasons for China's slow growth rate, including considerable migration from rural to urban areas, family planning measures leading to a shrinking workforce, and the aging population. All these factors contribute to the slowdown in China's economic growth. So the correct option is (D) : .
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Question: 4
In the years to come, it appears that China's economy will
In the years to come, it appears that China's economy will
Updated On: Sep 23, 2024
- grow at a rapid pace
- grow at a very high rate
- show a marked slowdown
- None of the above
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The Correct Option is C
Solution and Explanation
The passage indicates that China is already experiencing a slowdown and suggests that this trend will continue as its economy matures. So the correct option is (C)
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