Practicing Success

Target Exam

CUET

Subject

Political Science

Chapter

Contemporary World Politics: End of Bi-Polarity

Question:

The collapse of communism was followed in most of these countries by a painful process of transition from an authoritarian socialist system to a democratic capitalist system. The model of transition in Russia, Central Asia, and eastern Europe came to be known as ‘shock therapy'. Shock therapy varied in intensity and speed amongst the former second-world countries, but its direction and features were quite similar.

Which of the following statements is correct?

a- The value of the ruble, the Russian currency increased during the shock therapy.
b- The real GDP of Russia in 1999 was higher than what it was in 1989.

Options:

Only statement a is correct.

Only statement b is correct.

Both statements are correct.

Neither of them is correct.

Correct Answer:

Neither of them is correct.

Explanation:

Correct Statement a- The value of the ruble, the Russian currency declined dramatically during the shock therapy.
Correct Statement b- The real GDP of Russia in 1999 was below than what it was in 1989.