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Statement 1: First Five Year Plan of China commenced in the Year 1956. Statement 2: Both India and China adopted Socialist Economy model, following USSR - Economics

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Question

Statement 1: First Five Year Plan of China commenced in the Year 1956.

Statement 2: Both India and China adopted Socialist Economy model, following USSR.

In the light of the given statements, choose the correct alternative:

Options

  • Statement 1 is true and Statement 2 is false.

  • Statement 1 is false and Statement 2 is true.

  • Both Statements 1 and 2 are true.

  • Both Statements 1 and 2 are false.

MCQ

Solution

Statement 1 is false and Statement 2 is true.

Explanation:

China's first five-year plan began in 1953. China and India both accepted the USSR's socialist economic model.

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Goals of Five Year Plans
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2022-2023 (March) Delhi Set 2

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