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Consider the following statements.
1. After the inception of the People’s Republic of China in 1949, its economy was based on the Soviet model
2. This model allowed China to use its resources to establish the foundations of an industrial economy on a scale that did not exist before
3. This model neglected issues like employment and social welfare of the citizens
Which of these statements are correct?
  • a)
    1 and 2 Only
  • b)
    2 and 3 Only
  • c)
    1 and 3 only
  • d)
    All of the above
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
Consider the following statements.1. After the inception of the People...
  • After the inception of the People’s Republic of China in 1949, following the communist revolution under the leadership of Mao, its economy was based on the Soviet model.
  • The economically backward communist China chose to sever its links with the capitalist world. It had little choice but to fall back on its own resources and, for a brief period, on Soviet aid and advice.
  • The model was to create a state-owned heavy industries sector from the capital accumulated from agriculture. As it was short of foreign exchange that it needed in order to buy technology and goods on the world market, China decided to substitute imports by domestic goods.
  • This model allowed China to use its resources to establish the foundations of an industrial economy on a scale that did not exist before. Employment and social welfare was assured to all citizens, and China moved ahead of most developing countries in educating its citizens and ensuring better health for them. The economy also grew at a respectable rate of 5-6 per cent.
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Consider the following statements.1. After the inception of the People’s Republic of China in 1949, its economy was based on the Soviet model2. This model allowed China to use its resources to establish the foundations of an industrial economy on a scale that did not exist before3. This model neglected issues like employment and social welfare of the citizensWhich of these statements are correct?a)1 and 2 Onlyb)2 and 3 Onlyc)1 and 3 onlyd)All of the aboveCorrect answer is option 'A'. Can you explain this answer?
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Consider the following statements.1. After the inception of the People’s Republic of China in 1949, its economy was based on the Soviet model2. This model allowed China to use its resources to establish the foundations of an industrial economy on a scale that did not exist before3. This model neglected issues like employment and social welfare of the citizensWhich of these statements are correct?a)1 and 2 Onlyb)2 and 3 Onlyc)1 and 3 onlyd)All of the aboveCorrect answer is option 'A'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements.1. After the inception of the People’s Republic of China in 1949, its economy was based on the Soviet model2. This model allowed China to use its resources to establish the foundations of an industrial economy on a scale that did not exist before3. This model neglected issues like employment and social welfare of the citizensWhich of these statements are correct?a)1 and 2 Onlyb)2 and 3 Onlyc)1 and 3 onlyd)All of the aboveCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements.1. After the inception of the People’s Republic of China in 1949, its economy was based on the Soviet model2. This model allowed China to use its resources to establish the foundations of an industrial economy on a scale that did not exist before3. This model neglected issues like employment and social welfare of the citizensWhich of these statements are correct?a)1 and 2 Onlyb)2 and 3 Onlyc)1 and 3 onlyd)All of the aboveCorrect answer is option 'A'. Can you explain this answer?.
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