Indian Economic Development: Comparative Development Experiences of India and its Neighbours · Class 12 · CBSE · Commerce Economics
Which policy measure was a major feature of China's economic reforms initiated in 1978?
Practice question from Indian Economic Development: Comparative Development Experiences of India and its Neighbours (Class 12 · CBSE · Commerce Economics), with the correct answer and a step-by-step solution.
easy · MCQ · Q-258B53
Which policy measure was a major feature of China's economic reforms initiated in 1978?
- A.Immediate abolition of all state-owned enterprises
- B.Introduction of agricultural reforms and gradual opening to foreign investmentCorrect answer
- C.Complete closure of the economy to international trade
- D.Replacement of markets with a fully centralised planning system
Solution
China began economic reforms in 1978. These included reforms in agriculture, gradual expansion of market forces, and opening selected areas to foreign investment and trade.
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