Practicing Success

Target Exam

CUET

Subject

Political Science

Chapter

Contemporary World Politics: End of Bi-Polarity

Question:

Which of the following are associated with the term 'Shock Therapy'?
(a) Total shift to a capitalist economy.
(b) Private ownership of means of production.
(c) State-controlled polity.
(d) Currency convertibility.

Choose the correct option

Options:

Option (a),(b) and (c) are correct

Only (b) and (c) are correct

(a),(b) and (d) are correct

All the above are correct

Correct Answer:

(a),(b) and (d) are correct

Explanation:

Features of Shock Therapy:

Total shift to a capitalist economy.
Private ownership of means of production.
Currency convertibility.