Question:medium

Statement I: The 'Shock Therapy' was a model of transition from capitalism to socialism.
Statement II: It was influenced by the World Bank and IMF.

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Recall: "Shock Therapy" was meant to "shock" the old socialist system into becoming a capitalist one.

Updated On: May 11, 2026

Both are correct.
Statement I is correct, II is wrong.
Statement I is wrong, II is correct.
Both are wrong.

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The Correct Option is C

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