Read the following statements carefully:
Statement 1: China has used the Market system mechanism without losing political commitment to create additional social and economic opportunities.
Statement 2: India, Pakistan, and China have similar physical endowments but totally different Political systems.
Read the following statements carefully:
Statement 1: China has used the Market system mechanism without losing political commitment to create additional social and economic opportunities.
Statement 2: India, Pakistan, and China have similar physical endowments but totally different Political systems.
Show Hint
- Statement 1 is true and Statement 2 is false.
- Statement 1 is false and Statement 2 is true.
- Both Statement 1 and 2 are true.
- Both Statement 1 and 2 are false.
The Correct Option is C
Solution and Explanation
Statement 1 is true: China has adopted a marketoriented approach since its economic reforms, while still maintaining strict political control. This approach has created additional social and economic opportunities for its citizens.
Statement 2 is true: While India, Pakistan, and China have similar geographical endowments, their political systems differ significantly. India is a democracy, Pakistan has had military interventions, and China is a oneparty communist state.
Conclusion: Both statements are true, reflecting the economic and political differences between these countries.
Top Questions on Foreign exchange market
- Match List-I with List-II \[\begin{array}{|c|c|} \hline \textbf{Concepts} & \textbf{Their meaning} \\ \hline \text{(A) Foreign Exchange Swaps} & \text{(I) is a forward contract for standardized currency amounts and selected calendar dates traded on an organized market.} \\ \hline \text{(B) Forward Transaction} & \text{(II) refers to the avoidance of a foreign exchange risk or covering of an open position.} \\ \hline \text{(C) Foreign Exchange Futures} & \text{(III) refers to a spot sale of a currency combined with a forward repurchase of the same currency as part of a single transaction.} \\ \hline \text{(D) Hedging} & \text{(IV) refers to an agreement today to buy or sell a specified amount of a foreign currency at a specified future date at a rate agreed upon today.} \\ \hline \end{array}\] Choose the correct answer from the options given below:
- CUET (PG) - 2025
- Economics
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- Read the following statements carefully:
Statement 1: The price of a given currency in terms of another is known as bank rate.
Statement 2: Demand curve for foreign exchange is a downward sloping curve.- CBSE CLASS XII - 2025
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- Identify, which of the following is not a source of demand for foreign exchange.
- CBSE CLASS XII - 2025
- Economics
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- For a given foreign currency, if the forward exchange rate of delivery is 20 and the current value of spot exchange rate is 8, then the forward premium will be _________ (rounded off to two decimal places).
- GATE XH-C1 - 2024
- International Economics
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From the following data, estimate the value of Net Indirect Taxes (NIT):
- GATE XH-C1 - 2024
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Questions Asked in GATE XH-C1 exam
- An organization allows its employees to work independently on consultancy projects but charges an overhead on the consulting fee.
The overhead is 20% of the consulting fee if the fee is up to ₹5,00,000.
For higher fees, the overhead is ₹1,00,000 plus 10% of the amount by which the fee exceeds ₹5,00,000.
The government charges a Goods and Services Tax (GST) of 18% on the total amount (i.e., the consulting fee plus the overhead).
An employee of the organization charges this entire amount — that is, the consulting fee, overhead, and tax — to the client.
If the client cannot pay more than ₹10,00,000, what is the maximum consulting fee that the employee can charge? Eight students (P, Q, R, S, T, U, V, and W) are playing musical chairs. The figure indicates their order of position at the start of the game. They play the game by moving forward in a circle in the clockwise direction.
After the 1st round, the 4th student behind P leaves the game.
After the 2nd round, the 5th student behind Q leaves the game.
After the 3rd round, the 3rd student behind V leaves the game.
After the 4th round, the 4th student behind U leaves the game.
Who all are left in the game after the 4th round?
The following figures show three curves generated using an iterative algorithm. The total length of the curve generated after 'Iteration n' is:
Two players \( A \) and \( B \) are playing a game. Player \( A \) has two available actions \( a_1 \) and \( a_2 \). Player \( B \) has two available actions \( b_1 \) and \( b_2 \). The payoff matrix arising from their actions is presented below:
Let \( p \) be the probability that player \( A \) plays action \( a_1 \) in the mixed strategy Nash equilibrium of the game.
Then the value of p is (round off to one decimal place).- GATE XH-C1 - 2025
- Logical Reasoning
Here are two analogous groups, Group-I and Group-II, that list words in their decreasing order of intensity. Identify the missing word in Group-II.
Abuse \( \rightarrow \) Insult \( \rightarrow \) Ridicule
__________ \( \rightarrow \) Praise \( \rightarrow \) Appreciate