Multiple Choice Questions on Choose the most appropriate word among the given options to fill the blank numbe........... for Graduation cum Career Security Preparation

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Indian Economy - Understanding the basics of Indian economic system

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    Two centuries ago Asia _(1)_more than a half of manufacturing production in the world economy. The subsequent  decline of Asia was_(2)_ to its integration with the world economy shaped by colonialism and driven by imperialism. In the half century since then, Asia has witnessed a _(3)_transformation in terms of economic progress of nations and living conditions of people. This _4_ was unequal across countries and between people. Indeed, Asia’s economic transformation in this short time span is almost _(5)_ in history. It is essential to _(6)_ the diversity of Asia. There were _ (7)_ differences between countries in geographical size, embedded histories, colonial legacies, nationalist movements, initial conditions, natural resource endowments, population size, income levels and political systems. The _(8)_ on markets and degree of openness in economies varied greatly _(9)_countries and over time. The politics too ranged _(10)_from authoritarian regimes or oligarchies to state capitalism and capitalism.


    Choose the most appropriate word among the given options to fill the blank numbered _4_

    change

    Incorrect Answer

    transformation

    Correct Answer

    act

    Incorrect Answer

    demand

    Incorrect Answer
    Explanation:

     ‘Transformation’ will be the most suitable word here as the author has already mentioned transformation in the preceding sentence.


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