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Question

Arrange the following development strategies of China in chronological order:

(A) Great Leap Forward campaign

(B) People's Republic of China

(C) Thirteenth Five-Year Plan

(D) Introduction of Reforms

(E) Great Proletarian Cultural Revolution

Choose the correct answer from the options given below:

The correct answer is

(B), (A), (E), (D), (C)

Chronological Arrangement of China Development Strategies

The question asks us to arrange several key development strategies and events in the history of the People's Republic of China in the correct chronological order. To do this, we need to know the approximate timing of each event listed.

Understanding China's Key Development Strategies and Events

Let's look at the events provided and their historical context:

  • (A) Great Leap Forward campaign: This was an economic and social campaign led by the Communist Party of China from 1958 to 1962. Its goal was rapid industrialization and collectivization.
  • (B) People's Republic of China: The PRC was officially founded on October 1, 1949, after the Communist victory in the Chinese Civil War. This marks the beginning of the modern era for mainland China under Communist rule.
  • (C) Thirteenth Five-Year Plan: Five-Year Plans are a series of social and economic development initiatives. The Thirteenth Five-Year Plan covered the period from 2016 to 2020.
  • (D) Introduction of Reforms: This refers to the program of economic reforms and opening up initiated by Deng Xiaoping in December 1978 at the Third Plenum of the 11th Central Committee of the Communist Party of China.
  • (E) Great Proletarian Cultural Revolution: Often simply called the Cultural Revolution, this was a socio-political movement from 1966 to 1976, launched by Mao Zedong.

Sequencing China's Historical Events Chronologically

Based on the dates of these events, we can place them in chronological order:

  1. The founding of the People's Republic of China (B) in 1949. This is the earliest event, establishing the state under which the subsequent strategies were implemented.
  2. The Great Leap Forward campaign (A) began in 1958, several years after the PRC was founded.
  3. The Great Proletarian Cultural Revolution (E) started in 1966, after the Great Leap Forward.
  4. The Introduction of Reforms (D) under Deng Xiaoping began in late 1978, following the end of the Cultural Revolution.
  5. The Thirteenth Five-Year Plan (C) is a much later event, covering 2016-2020, occurring long after the reforms were introduced.

Summary Table of China's Development Milestones

Code Event/Strategy Approximate Time Period
(B) People's Republic of China 1949
(A) Great Leap Forward campaign 1958-1962
(E) Great Proletarian Cultural Revolution 1966-1976
(D) Introduction of Reforms 1978 onwards
(C) Thirteenth Five-Year Plan 2016-2020

Final Chronological Order

Putting these in order from earliest to latest, we get:

People's Republic of China (B) $\rightarrow$ Great Leap Forward campaign (A) $\rightarrow$ Great Proletarian Cultural Revolution (E) $\rightarrow$ Introduction of Reforms (D) $\rightarrow$ Thirteenth Five-Year Plan (C)

The correct sequence is (B), (A), (E), (D), (C).

Revision Table: Key China Events Timeline

Year/Period Event
1949 People's Republic of China founded
1958-1962 Great Leap Forward
1966-1976 Cultural Revolution
1978 Introduction of Reforms (Opening Up Policy)
2016-2020 Thirteenth Five-Year Plan

Additional Information on China Development

China's development has been shaped by various policies and political movements since 1949. The early period focused on socialist transformation and central planning. The Great Leap Forward aimed for rapid industrialization but resulted in severe famine. The Cultural Revolution was a period of intense social and political upheaval. The Introduction of Reforms marked a significant shift towards a market-oriented economy while maintaining political control. Five-Year Plans are a key tool for setting national economic and social goals and have evolved significantly since the first plan in the 1950s, reflecting changing priorities and the country's economic growth and integration into the global economy.

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Important Questions from Economics and Central Problems of Economy

  1. If the value of Investment Multiplier is 5 and the increased income is ₹ 800 crore in an economy, then find the value of change in the investment in the economy.

  2. Which of the following statements are true?

    (A) Quantitative tools control the extent of money supply by changing the CRR.

    (B) There are two types of open market operations – outright and upright.

    (C) A fall in the bank rate can decrease the money supply.

    (D) Selling of a bond by RBI leads to reduction in quantity of reserves.

    (E) The RBI can influence money supply by changing the rate at which it gives loan to the commercial banks.

    Choose the correct answer from the options given below:

  3. Paradox of Thrift means :

  4. Match List-I with List-II:

    List-IList-II
    (A) Bank Rate(I) Securities are pledged in order to repurchase
    (B) Marginal Standing Facility(II) Minimum rate at which funds are provided for long term
    (C) Repo Rate(III) Also known as Penal Interest Rate
    (D) Reverse Repo Rate(IV) Central Bank borrows funds from commercial banks

    Choose the correct answer from the options given below:

  5. Which of the following is not a function of Central Bank ?

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