Home › CBSE Class 12 (Arts) › Economics › Indian Economic Development: Development Experience (1947-90) and Economic Reforms since 1991 › Which two countries are cited as following mostl…
Which two countries are cited as following mostly socialistic principles?
AFrance and Spain
BJapan and Korea
CBrazil and Chile
DCuba and China
Answer & Solution
Correct answer: D. Cuba and China
In Cuba and China most economic activities are governed by socialistic principles, with the state deciding production.
Related questions
In 1955 only one of 21 economists dissented from the Second Plan memorandum. Who?The First Five-Year Plan chiefly focused on which sector?What did India give London as collateral for the IMF bailout in 1991?Which body did the Modi government disband in 2014?From 1967, how many items were first reserved for small-scale units?Which 1969 law required large firms to get approval before expanding?Which 1951 law began the licensing regulation of Indian industry?Who coined the term Permit-Licence Raj?