With reference to BRIC countries, consider the following statements: 1. At present, Chinas GDP is more than the combined GDP of all the three other countries. 2. Chinas population is more than the combined population of any two other countries.

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Q: 44 (IAS/2010)
With reference to BRIC countries, consider the following statements:
1. At present, China’s GDP is more than the combined GDP of all the three other countries.
2. China’s population is more than the combined population of any two other countries.

question_subject: 

Economics

question_exam: 

IAS

stats: 

0,82,129,82,21,46,62

keywords: 

{'bric countries': [0, 0, 2, 0], 'combined gdp': [0, 0, 1, 0], 'combined population': [0, 0, 1, 0], 'gdp': [0, 0, 0, 1], 'population': [3, 1, 2, 1], 'china': [1, 0, 1, 2], 'other countries': [2, 1, 1, 4]}

The BRIC countries are Brazil, Russia, India, and China.

Option 1 states that China`s GDP is more than the combined GDP of all the other three countries. As of the current data, China is the world`s largest economy in terms of Purchasing Power Parity and its GDP is indeed higher than the combined GDP of Brazil, Russia, and India. Hence, statement 1 is correct.

Option 2 posits that China`s population is more than the combined population of any two other countries. However, India alone has a population comparable to China and if combined with either of the other two countries (Russia or Brazil), it would exceed China`s population. Hence, Statement 2 is not correct.

So from the above explanation, we can conclude that only the first statement is correct, making Option 1 the correct answer.