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Economics · 2022 · 3 marks
Comparative Development Experiences of India and its NeighboursDevelopmental Path — A Snapshot View3 marksUnderstandshort answer
CBSE 2022 · Region 4 · Set 3 · Q7
Explain the concept of ‘Dual Pricing’ adopted by China.
Explain the concept of ‘Dual Pricing’ adopted by China.
Marking-scheme solution
Dual pricing means fixing the prices in two ways, i.e., farmers and industrial units were required to buy and sell fixed quantities of inputs and outputs on the basis of prices fixed by the government all rest were purchase and sell at market prices.
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