Economics 1 Marks Question

United Nations Development Programme.

1. Relatively slow pace of GDP growth as compared to China.
2. Dismal fiscal management.

Five Year Plans i.e., economic planning.

Common failures of India and Pakistan are given below:

1. Relatively slow pace of GDP growth rate as compared to China.
2. Poor performance in HDI ranking.
3. Poor fiscal management.
4. Lack of political interest for social prosperity.

In China, reforms were initiated in initial phase in agriculture, foreign trade and investment sectors.

SEZ policy has proved to be a boon for FDI flow in China.

GLF stands for Great Leap Forward.

One-child norm.

Proportion of people below poverty line is more in India.

GLF aimed at industrialising the country on a massive scale.

First Five Year Plan of Pakistan commenced in the year 1956.

Under this revolution students and professionals were sent to work and learn from the countryside.

ASEAN stands for the Association of South-East Asian Nations.

It was known as the “Great Proletarian Cultural Revolution".

1. India announced its First Five Year Plan in 1951.
2. Pakistan announced its First Five Year Plan in 1956.
3. China announced its First Five Year Plan in 1953.

In China, there was command system. It has recently started moving towards a liberal restructuring.

India started its economic reforms in 1991.

Under the commune system people collectively cultivated land in China.

1. Urbanisation
2. Less percentage of population below poverty line.
3. More percentage of population having access to improved water sources.

1. A substantial rise in GDP per capita.
2. Self-sufficiency in food production.
3. Dualistic nature of the economy is gradually declining.
4. Considerable increase in the incidence of poverty.

India and Pakistan introduced economic reforms under the pressure of the World Bank and IMF.

It is a collective system of farming practised in China.

Great Leap Forward (GLF) campaign was the policy aiming at the industrialisation on a massive scale in China.

SAARC stands for South Asian Association for Regional Cooperation.

China has the lowest density of population (146 per square km).

It is a geographical region that has economic laws different from a country's typical economic laws. Usually the goal is to increase foreign investment.

It was initiated in 1958.

Skilled manpower, investment in education, health facilities.

China.

1. Skilled manpower.
2. Investment in education.
3. Health facilities.

Reforms in China were introduced in 1978.

The Great Proletarian Cultural Revolution was introduced in 1966–1967.

Human Development Index and life expectancy at birth.

Maternal mortality rate is high in Pakistan.

China's industrial sector has maintained a high growth rate while it is not so in India and Pakistan.

Pakistan has very high fertility rate.