question_answer

Study the passage given below carefully and answer the questions follow:

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. Privatization of state assets and corporate ownership patterns were to be immediately brought in.

Questions:

(i) Why was the process of transition been described as painful?

(ii) Which political system existed before the transition and which system replaced it, if any?

(iii) What does privatization imply?

Or

Study the passage given below carefully and answer the questions follow:

The two superpowers were keen on expending their spheres of influence in different parts of the world. In a world sharply divided between the two alliance systems, a state was supposed to remain tied to its protective super-power to limit the influence of the other superpower and its allies. Most countries of Western Europe sided with the US and those of Eastern Europe joined the Soviet camp.

Questions:

(i) Name the two Superpowers.

(ii) Why did the allies want to remain tied with one of the superpowers?

(iii) Why did the superpowers want to bring other countries into their camps?

Answer:

(i) Because democratic system is to be emerged due to failure of social system.

(ii) Before the transition authoritarian socialist system existed and it was replaced by the Democratic Capitalist system.

(iii) The transfer of ownership of property or business from a government to a privately owned entity, it represents transparency, it involves working of the economy without interference of the government.

Or

(i) USA and USSR

(ii) To stand in world economy- as the superpowers provide them with both military assistance and financial aid.

(iii) They want other countries to be in there camp because they were vital resources of oil and minerals. It gave the superpowers their territory to launce their weapons and troops and location from where superpowers could spy on each other.