Question

Read the following statements carefully: 
Statement 1: China has used the market mechanism to create additional social and economic opportunities for its citizens.
Statement 2: In China, Social Infrastructure created by the government brought positive results in human development indicators.
In the light of the given statements, choose the correct alternative from the following:

• A. Statement 1 is true and Statement 2 is false.
• B. Statement 1 is false and Statement 2 is true.
• C. Both Statement 1 and 2 are true.
• D. Both Statement 1 and 2 are false.

Hint:

A balanced mix of market reforms and state-led social infrastructure development contributes significantly to economic progress.

Answer 1

The Correct Option is C

Both statements are true: Statement 1: China has effectively used market mechanisms alongside state policies to promote social and economic development. Statement 2: Government initiatives in building social infrastructure like health and education have positively impacted human development indicators such as life expectancy, literacy rates, and overall quality of life.