1. **What is the projected year for China to overtake the US as the world’s largest economy?**
– (a) 2025
– (b) 2030
– (c) 2040
– (d) 2050
Answer
Answer: (c) 2040
2. **What factors contribute to China’s power, according to the passage?**
– (a) Economic strength, population, and political influence
– (b) Geographical location and cultural heritage
– (c) Technological advancements and military prowess
– (d) International alliances and diplomatic relations
Answer
Answer: (a) Economic strength, population, and political influence
3. **During the initial years of the People’s Republic of China (1949), what economic model did China follow?**
– (a) Capitalist model
– (b) Mixed economy
– (c) Soviet model
– (d) Free market economy
Answer
Answer: (c) Soviet model
4. **What allowed China to establish the foundations of an industrial economy?**
– (a) Importing advanced technology
– (b) Heavy reliance on foreign aid
– (c) State-owned heavy industries sector
– (d) Strict control over international trade
Answer
Answer: (c) State-owned heavy industries sector
5. **What crisis did China face in its state-controlled economy, similar to the USSR?**
– (a) Crisis of overproduction
– (b) Crisis of economic liberalization
– (c) Crisis of industrial growth
– (d) Crisis of insufficient industrial production
Answer
Answer: (d) Crisis of insufficient industrial production
6. **What was China’s economic growth rate during the initial phase of its state-controlled economy?**
– (a) 1-2%
– (b) 3-4%
– (c) 5-6%
– (d) 7-8%
Answer
Answer: (c) 5-6%
7. **What challenges did China face in meeting the needs of its growing population during the early stages of economic development?**
– (a) Surplus in agricultural production
– (b) Lack of foreign exchange
– (c) Excessive industrial growth
– (d) Low employment rate
Answer
Answer: (b) Lack of foreign exchange
8. **In which year did China initiate economic reforms that led to its rapid economic success?**
– (a) 1960
– (b) 1978
– (c) 1985
– (d) 1990
Answer
Answer: (b) 1978
9. **What is China projected to overtake by 2040, according to the passage?**
– (a) European Union
– (b) United States
– (c) Russia
– (d) India
Answer
Answer: (b) United States
10. **Apart from economic strength, what other factors contribute to China’s influence according to the passage?**
– (a) Military power and technological advancements
– (b) Cultural heritage and natural resources
– (c) Political influence, population, and geographical location
– (d) International alliances and diplomatic relations
Answer
Answer: (c) Political influence, population, and geographical location
1. **When did China end its political and economic isolation by establishing relations with the United States?**
– (a) 1965
– (b) 1972
– (c) 1980
– (d) 1990
Answer
Answer: (b) 1972
2. **Which Chinese leader proposed the ‘four modernisations’ in 1973?**
– (a) Mao Zedong
– (b) Deng Xiaoping
– (c) Zhou Enlai
– (d) Jiang Zemin
Answer
Answer: (c) Zhou Enlai
3. **In which year did Deng Xiaoping announce the ‘open door’ policy and economic reforms in China?**
– (a) 1978
– (b) 1985
– (c) 1990
– (d) 1995
Answer
Answer: (a) 1978
4. **When was the privatisation of agriculture initiated in China?**
– (a) 1972
– (b) 1982
– (c) 1990
– (d) 1998
Answer
Answer: (b) 1982
5. **What was the result of the privatisation of agriculture in China?**
– (a) Decrease in agricultural production
– (b) Stagnation in rural incomes
– (c) Rise in agricultural production and rural incomes
– (d) Increase in unemployment
Answer
Answer: (c) Rise in agricultural production and rural incomes
6. **What major policy decisions were taken by the Chinese leadership in the 1970s?**
– (a) Three Modernisations
– (b) Five-Year Plans
– (c) Seven Pillars of Prosperity
– (d) Ten Commandments of Development
Answer
Answer: (a) Three Modernisations
7. **In what year did China become a member of the World Trade Organization (WTO)?**
– (a) 1995
– (b) 1998
– (c) 2001
– (d) 2005
Answer
Answer: (c) 2001
8. **What issues have been tempered by economic considerations in China’s relations with Japan, the US, ASEAN, and Russia?**
– (a) Environmental concerns
– (b) Economic inequality
– (c) Outstanding trade disputes
– (d) Unemployment issues
Answer
Answer: (c) Outstanding trade disputes
9. **How has China contributed to the stability of ASEAN economies after the 1997 financial crisis?**
– (a) By providing military support
– (b) By offering loans and aid
– (c) By promoting environmental sustainability
– (d) By facilitating cultural exchanges
Answer
Answer: (b) By offering loans and aid
10. **What is a significant challenge faced by China despite its economic success?**
– (a) High unemployment
– (b) Environmental degradation
– (c) Economic stagnation
– (d) Low foreign exchange reserves
Answer
Answer: (b) Environmental degradation
