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Under _ in China… (Class 12 Economics SQP 2023-24, Q23)

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EconomicsCBSE Class 12 · Sample paper, session 2023-24 · 1 mark · MCQ

CBSE Class 12 Economics sample paper 2023-24: question 23

From the official CBSE sample question paper for 2023-24, section B, question 23, for 1 mark. Try it first; the hints and our step-by-step solution are below.

Q23 · 1 mark · MCQComparative Development Experiences of India and its Neighbours

Under _________ in China, farmers and industrial units were required to buy and sell fixed quantities of inputs and outputs on the basis of prices fixed by the government and the rest were purchased and sold at market prices. (Choose the correct alternative to fill up the blank)

  1. (A)Commune System
  2. (B)Great Leap Forward
  3. (C)Dual Pricing
  4. (D)Great Proletarian Cultural Revolution

Source: official sample paper from cbseacademic.nic.in (PDF). See it in the full Sample paper 2023-24.

Hints

Open one hint at a time and try again before the next.

Hint 1

How many kinds of prices were there?

Hint 2

This was a post-1978 reform.

Step-by-step solution

Each step shows the marks it earns, as an examiner would award them. Checked by an independent re-solve from the question paper.

  1. Under dual pricing in China, farmers and industrial units sold a fixed quantity of inputs and outputs at prices fixed by the government and the rest at market prices.

  2. The blank is dual pricing. Option (C).

    1 mark

Answer: (C) Dual Pricing

Where the marks are

  • Two prices: fixed quota and market (1 mark)

Revise the chapter

Practise this chapterBoard-style questions from Comparative Development Experiences of India and its Neighbours, one at a time, marked against the answer key and marking points.Back to the full paperSample paper 2023-24: every question, by section.

The question is transcribed from the official paper; figures are described in words. The solution, hints and chapter tag are ours. Spotted an error? Write tosupport@questionbuddy.in.