Consider the following statements: 

  1. Disinvestment essentially results in Privatization
  2. Privatization essentially results in transfer of assets 

Which among the above statements is/ are correct?

[A] Only 1 is correct
[B] Only 2 is correct
[C] Both 1 & 2 are correct
[D] Both 1 & 2 are incorrect

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This question is part of UPSC Prelims Practice and Mock Tests membership programme.