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?

[UPSC Civil Services Exam – 2022 Prelims]

(a) 2 and 4

(b) 3 and 5

(c) 1, 3 and 4

(d) 1 and 2


Answer: (c)        

Explanation:

Vietnam’s Economy:

Overview

  • Vietnam is a country in mainland Southeast Asia with a literate and energetic population.
  • Its long coastline provides access to marine resources and many attractive beaches.
  • Since the late 1990s, the country’s economy has been on a vigorous upswing.
  • GDP growth statistics report states that Vietnam is the fastest growing world economy with a growth rate of 7.31% in 2019. Hence, Statement 1 is correct.

Political System

  • Vietnam is a single-party socialist republic state. Hence, Statement 2 is not correct.

Economic Growth

  • Vietnam has surpassed the growth rate of other Asian economies including India and China.
  • GDP growth is linked to its integration with global supply chains and its focus on exports. Hence, Statement 3 is correct.
  • Vietnam has low labour costs and stable exchange rates which attract global investments. Hence, Statement 4 is correct.
  • Unfortunately, their e-service sector isn’t that productive. Hence, Statement 5 is not correct.

Consider the following statements:                                                                   The Parliament of India can place a particular law in the Ninth Schedule of the Constitution of India. The validity of a law placed in the Ninth Schedule cannot be examined by any court and no judgement can be made on it. Which of the statements given above is/are correct?

Consider the following statements:                                               

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Consider the following statements:                                                         The Parliament of India can place a particular law in the Ninth Schedule of the Constitution of India. The validity of a law placed in the Ninth Schedule cannot be examined by any court and no judgement can be made on it. Which of the statements given above is/are correct?

Consider the following statements:                                               

Read More »

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