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The model of transition in Russia, Central Asia and East Europe that was influenced by World Bank and the IMF came to be known as:
Question

The model of transition in Russia, Central Asia and East Europe that was influenced by World Bank and the IMF came to be known as:

A.

Current Therapy

B.

Shock Therapy

C.

Fiscal Therapy

D.

Glasnost

Correct option is B

The model of transition in Russia, Central Asia, and Eastern Europe influenced by the World Bank and the IMF came to be known as 'Shock Therapy,' which involved rapid privatization and market liberalization.

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CUET 2025 English Language Mock 01

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