Reading Comprehension-11

DIRECTIONS (Q. 1-5): Below is given passage followed by several possible inferences which can be drawn from the facts stated in the passage. You have to examine each inference separately in the context of the passage and decide upon its degree of truth or falsity.
PASSAGE
Asia has become the growth centre of the world economy in recent years. Within the region, India and South Korea are the third and fourth largest economies after China and Japan. Though the Asian growth stories mainly revolve around India and China, South Korea has remained a key player for these countries as one of their major trading and investment partners. South Korea adopted outward-oriented economic policies with the beginning of its first five-year economic development plan in 1962, which resulted in high growth and the integration of the Korean economy with the rest of the world. Subsequently, high and consistent economic growth made South Korea one of the high-income economies in Asia. Korea is still growing at a faster rate compared to other developed economies. India on the other hand adopted an import substitution policy since its Independence until the early 1990s. Since India has introduced wide-ranging economic policy reforms and is moving towards market-driven economy. This has resulted in consistent high economic growth over the last one-and-a-half decades.
1. Only Korean economy is considered as robust by the international community.

(A) The inference is ‘definitely true’, i.e. it properly follows from the statement of facts given.
(B) The inference is ‘probably true’, though not ‘definitely true’ in the light of the facts given.
(C) The ‘data are inadequate’, i.e. from the facts given you cannot say whether the inference is likely to be true or false.
(D) The inference is ‘probably false’ though not ‘definitely false’ in the light of the facts given.
(E) The inference is ‘definitely false’, i.e. it cannot possibly be drawn from the facts given or it contradicts the given facts.

Explnation:–
2. Japan’s economic growth over the last decade is the highest in Asia.

(A) The inference is ‘definitely true’, i.e. it properly follows from the statement of facts given.
(B) The inference is ‘probably true’, though not ‘definitely true’ in the light of the facts given.
(C) The ‘data are inadequate’, i.e. from the facts given you cannot say whether the inference is likely to be true or false.
(D) The inference is ‘probably false’ though not ‘definitely false’ in the light of the facts given.
(E) The inference is ‘definitely false’, i.e. it cannot possibly be drawn from the facts given or it contradicts the given facts.

Explnation:–
3. The Korean economy is traditionally different than the Indian economy in its approach.

(A) The inference is ‘definitely true’, i.e. it properly follows from the statement of facts given.
(B) The inference is ‘probably true’, though not ‘definitely true’ in the light of the facts given.
(C) The ‘data are inadequate’, i.e. from the facts given you cannot say whether the inference is likely to be true or false.
(D) The inference is ‘probably false’ though not ‘definitely false’ in the light of the facts given.
(E) The inference is ‘definitely false’, i.e. it cannot possibly be drawn from the facts given or it contradicts the given facts.

Explnation:–
4. The economic growth of India prior to 1990s was much higher than the present growth rate.

(A) The inference is ‘definitely true’, i.e. it properly follows from the statement of facts given.
(B) The inference is ‘probably true’, though not ‘definitely true’ in the light of the facts given.
(C) The ‘data are inadequate’, i.e. from the facts given you cannot say whether the inference is likely to be true or false.
(D) The inference is ‘probably false’ though not ‘definitely false’ in the light of the facts given.
(E) The inference is ‘definitely false’, i.e. it cannot possibly be drawn from the facts given or it contradicts the given facts.

Explnation:–
5. India and China together are considered to be the driving force of the Asian economy.

(A) The inference is ‘definitely true’, i.e. it properly follows from the statement of facts given.
(B) The inference is ‘probably true’, though not ‘definitely true’ in the light of the facts given.
(C) The ‘data are inadequate’, i.e. from the facts given you cannot say whether the inference is likely to be true or false.
(D) The inference is ‘probably false’ though not ‘definitely false’ in the light of the facts given.
(E) The inference is ‘definitely false’, i.e. it cannot possibly be drawn from the facts given or it contradicts the given facts.

Explnation:–