Question:

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.

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China's economic success stems from market reforms, but it has maintained a firm political structure.
Updated On: Feb 1, 2025
  • 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.
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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.

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