Which of the Following Statements About the Development of India's

question 3

Multiple Choice

Which of the following statements about the development of India's economy is accurate?

• A) Efforts to transition from import substitution industrialization and toward social-democratic policies began in the 1980s and came into full swing in the 1990s.
• B) Stamping out corruption and protectionism as barriers to economic growth is one of the major successes of the 1990s reform effort.
• C) The license raj has only acquired more complexity and red tape in recent years,and will soon force the Indian National Congress to address a reform effort.
• D) China's faster economic growth is credited in part to slower population growth than that of India,as well as to better education.

---

Definitions:

Howey Test

A test created by the Supreme Court to determine whether a transaction qualifies as an "investment contract" and is therefore subject to securities laws.

Security Exists

Indicates that a financial security, such as a stock or bond, is issued and available for trading or investment.

Inside Information

Confidential or non-public information about a company or its operations that could be used for trading its public securities and is considered illegal when used for insider trading.

Material Information

Important facts or data that could influence an individual's decision in a transaction, often used in financial and legal contexts.