UPSC CSE Prelims
Question 46
Consider the following statements :
- Vietnam has been one of the fastest growing economies in the world in the recent years.
- Vietnam is led by a multi-party political system.
- Vietnam's economic growth is linked to its integration with global supply chains and focus on exports.
- For a long time Vietnam's low labour costs and stable exchange rates have attracted global manufacturers.
- Vietnam has the most productive e-service sector in the Indo-Pacific region.
Which of the statements given above are correct ?
View correct answer and explanation
Correct answer: C
Correct Option: C (1, 3 and 4)
Explanation: Vietnam’s rapid growth has relied on export-led manufacturing, global supply chains, competitive labour costs and exchange-rate stability under one-party leadership.
Statement / Pair / Item-wise Analysis:
1. True / qualifies - Vietnam recorded rapid economic growth before the 2022 examination period.
2. False / does not qualify - Vietnam is constitutionally led by the Communist Party, not a competitive multiparty governing system.
3. True / qualifies - Foreign manufacturing investment and global export networks are key growth drivers.
4. True / qualifies - Historically low labour costs and relatively stable currency conditions attracted firms.
5. False / does not qualify - There is no accepted basis for calling Vietnam the Indo-Pacific’s most productive e-service sector.
Option-wise Analysis:
A. Incorrect-includes 2 even though Vietnam is constitutionally led by the Communist Party, not a competitive multiparty governing system.; omits 1 even though Vietnam recorded rapid economic growth before the 2022 examination period.; omits 3 even though Foreign manufacturing investment and global export networks are key growth drivers.
B. Incorrect-includes 5 even though There is no accepted basis for calling Vietnam the Indo-Pacific’s most productive e-service sector.; omits 1 even though Vietnam recorded rapid economic growth before the 2022 examination period.; omits 4 even though Historically low labour costs and relatively stable currency conditions attracted firms.
C. Correct-selects exactly the correct statements/items identified above.
D. Incorrect-includes 2 even though Vietnam is constitutionally led by the Communist Party, not a competitive multiparty governing system.; omits 3 even though Foreign manufacturing investment and global export networks are key growth drivers.; omits 4 even though Historically low labour costs and relatively stable currency conditions attracted firms.