RBI Grade B Officer (General / DEPR / DSIM) 2024 · Question 156 of 260

The question given below consists of a statement, followed by two arguments numbered I and II. You have to decide which of the arguments is either a 'strong' argument or 'weak' argument or both or neither of them is 'strong' or 'weak'. The liberal economic view suggests that for developing countries to achieve significant growth, they should integrate themselves into the global marketplace, particularly through trade and investment. By focusing on their unique strengths, these nations can harness the advantages of international trade to bolster their economies. Additionally, attracting foreign investment and receiving aid from wealthier countries and international agencies are vital for enhancing their economic infrastructure. Arguments: I. No, developing countries should also focus on improving their domestic market infrastructure to build national pride and unity. II. Yes, adopting strategies like open trade policies and encouraging foreign investment are the most effective approaches for advancing economic development in emerging economies.

Logical Reasoning

1. AA. Only I is strong
2. BB. Only II is strongCorrect
3. CC. Both I and II are strong
4. DD. Either I or II is strong
5. EE. Neither I nor II is strong