Q67 · UPSC Prelims 2022 · Set A · Economy

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Consider the following statements:1.Vietnam has been one of the fastest growing economies in the world in the recent years.2.Vietnam is led by a multi-party political system.3.Vietnam's economic growth is linked to its integration with global supply chains and focus on exports.4.For a long time Vietnam's low labour costs and stable exchange rates have attracted global manufacturers.5.Vietnam has the most productive e-service sector in the Indo-Pacific region.Which of the statements given above are correct?

A 2 and 4
B 3 and 5
C 1, 3 and 4
D 1 and 2

Correct answer: (c) 1, 3 and 4

Explanation

  1. A

    2 and 4

    2 and 4. Vietnam is a one-party CPV state, not multi-party.

  2. B

    3 and 5

    3 and 5. ‘Most productive e-service sector in the Indo-Pacific’ is the over-claim.

  3. C

    1, 3 and 4

    1, 3 and 4. Fast growth, export/supply-chain integration, low labour cost and a relatively stable exchange-rate pitch to manufacturers. Not multi-party; not the e-service superlative.

  4. D

    1 and 2

    1 and 2. Statement 2 fails.

Summary. Official key is (c) 1, 3 and 4. Vietnam has been a fast-growing exporter plugged into global supply chains, helped by labour costs and a managed exchange rate. It is a one-party state. Statement 5’s e-service crown is not keyed.

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