Question

Which among the following statements with reference to the Shock Therapy are incorrect?

• A. A and E
• B. C and A
• C. C and E
• D. D and C

Hint:

Shock therapy's rapid privatization and deregulation often led to unintended consequences like increased inequality.

Answer 1

The Correct Option is C

Shock therapy aimed at rapid transition from a centrally planned economy to a market-based system. Statements C and E are incorrect because:
C: Shock therapy involved a shift *towards* private farming, not a return to collective farming.

E: While the Russian government oversaw the transition, it wasn't directly responsible for the restructuring of all industries; many were privatized via auctions and sales under often-chaotic conditions.