Development Experience Of India a Comparison with Neighbors Test - 1

Explanation:

The three sector theory is an economic theory which divides economies into three sectors of activity: extraction of raw materials, manufacturing and services.

Explanation:

The number of children who would be born per woman (or per 1,000 women) if she/they were to pass through the childbearing years bearing children according to a current schedule of age-specific fertility rates.

Explanation:

Secondary sector takes raw materials and converts them into finished products.

Explanation:

China has the largest population in the world with 1.379 billion peoples.

Explanation:

Compared to China and India, Pakistan is having least population. China is having largest population in the world and India occupies the second place.

Explanation:

Import substitution industrialization (ISI) is a trade and economic policy which advocates replacing foreign imports with domestic production. ISI is based on the premise that a country should attempt to reduce its foreign dependency through local production of industrialized products.

Explanation:

He said these lines in his speech when India and Pakistan became independent nations in 1947, People's Republic of China was established in 1949. All the three countries had started planning their development strategies in similar ways.

Explanation:

Five-Year Plans (FYPs) are centralized and integrated national economic programs. The process began with setting up of Planning Commision in March 1950 in pursuance of declared objectives of the Government to promote a rapid rise in the standard of living of the people by efficient exploitation of the resources of the country, increasing production and offering opportunities to all for employment in the service of the community.

Explanation:

Although the central administration coordinated the economy and redistributed resources among regions when necessary, in practice most economic activity was very decentralized, and there was relatively little flow of goods and services between areas. About 75 percent of the grain grown in China, for instance, was consumed by the families that produced it. 

Explanation:

When Russian had conflict with China, it withdrew it's professionals who had earlier been sent to China to help in the industrialization process. Then, Mao introduced GPCR