CBSE 2024, Set 1

Question

Read the following statements- Assertion (A) and Reason (R). Choose the correct alternative given below:
Assertion (A): China has used the market mechanism to create additional social and economic opportunities for its citizens.
Reason (R): Social infrastructure creation by the government has brought positive results in human development indicators in China. A). Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A). B). Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of Assertion (A). C). Assertion (A) is true, but Reason (R) is false. D). Assertion (A) is false, but Reason (R) is true.

Edvaya · Accepted Answer

The correct answer is Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of Assertion (A).. China successfully transitioned parts of its economy using the market mechanism to generate wealth and opportunities (Assertion is true). Furthermore, China heavily invested in health and education prior to its reforms, which resulted in strong human development indicators (Reason is true). However, the creation of social infrastructure (state action) is not the direct explanation for using the *market mechanism* (economic action).

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Economics > Indian Economic Development > Comparative Development Experiences

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