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    Question

    Which of the following statements is/are true?(I)

    India, Pakistan, and China followed similar development planning models.(II) India undertook structural reforms independently.
    A I only Correct Answer Incorrect Answer
    B Both I & II Correct Answer Incorrect Answer
    C II only Correct Answer Incorrect Answer
    D Neither I nor II Correct Answer Incorrect Answer

    Solution

    India, Pakistan, and China initially adopted planned development strategies. However, IndiaтАЩs structural reforms, especially those initiated in 1991, were not entirely voluntaryтАФthey were introduced under pressure from the International Monetary Fund (IMF) due to an economic crisis. Thus, only Statement I is correct.

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