Q67 · UPSC Prelims 2022 · Set A · Economy

← Q66 Q68 →

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.

PYQ trend

When UPSC asked this

Related PYQs from other years, newest first. Open a question to read it.

  1. 2021 · Q14 · General Studies · 2 marks

    With reference to 'Water Credit', consider the following statements: 1. It puts microfinance tools to work in the water and sanitation sector. 2. It is a global initiative launched under the aegis of the World Health Organization and the World Bank. 3. It aims to enable the poor

    View answer →

  2. 2017 · Q52 · General Studies · 2 marks

    With reference to 'Global Climate Change Alliance', which of the following statements is/are correct? 1. It is an initiative of the European Union. 2. It provides technical and financial support to targeted developing countries to integrate climate change into their development policies and budgets. 3. It is coordinated by World Resources Institute (WRI) and World Business Council for Sustainable Development (WBCSD). Select the correct answer using the code given below:

    View answer →

  3. 2017 · Q77 · General Studies · 2 marks

    Which of the following has/have occurred in India after its liberalization of economic policies in 1991? 1. Share of agriculture in GDP increased enormously. 2. Share of India's exports in world trade increased. 3. FDI inflows increased. 4. India's foreign exchange reserves increased enormously. Select the correct answer using the codes given below:

    View answer →

  4. 2017 · Q81 · General Studies · 2 marks

    What is/are the most likely advantages of implementing 'Goods and Services Tax (GST)'? 1. It will replace multiple taxes collected by multiple authorities and will thus create a single market in India. 2. It will drastically reduce the 'Current Account Deficit' of India and will enable it to increase its foreign exchange reserves. 3. It will enormously increase the growth and size of economy of India and will enable it to overtake China in the near future. Select the correct answer using the code given below:

    View answer →

  5. 2016 · Q15 · General Studies · 2 marks

    With reference to the International Monetary and Financial Committee (IMFC), consider the following statements: 1. IMFC discusses matters of concern affecting the global economy, and advises the International Monetary Fund (IMF) on the direction of its work. 2. The World Bank participates as observer in IMFC's meetings. Which of the statements given above is/are correct?

    View answer →

  6. 2016 · Q52 · General Studies · 2 marks

    With reference to an initiative called 'The Economics of Ecosystems and Biodiversity (TEEB)', which of the following statements is/are correct? 1. It is an initiative hosted by UNEP, IMF and World Economic Forum. 2. It is a global initiative that focuses on drawing attention to the economic benefits of biodiversity. 3. It presents an approach that can help decision-makers recognize, demonstrate and capture the value of ecosystems and biodiversity. Select the correct answer using the code given below

    View answer →

  7. 2015 · Q4 · General Studies · 2 marks

    A decrease in tax to GDP ratio of a country indicates which of the following? 1. Slowing economic growth rate 2. Less equitable distribution of national income Select the correct answer using the codes given below

    View answer →

  8. 2015 · Q21 · General Studies · 2 marks

    Which one of the following issues the 'Global Economic Prospects' report periodically?

    View answer →