Q: Statement (I) : Social involvement discourages additional government regulation and intervention. Statement (II) : Social involvement can create a weakened international balance of payments situation.
(a)Both Statement (I) and Statement (II) are individually true and Statement (II) is the correct explanation of Statement (I)
(b)Both Statement (I) and Statement (II) are individually true but Statement (II) is NOT the correct explanation of Statement (I)
(c)Statement (I) is true but Statement (II) is false
(d)Statement (I) is false but Statement (II) is true
Correct Answer: (b)
The correct answer is (a) 'Both Statement (I) and Statement (II) are individually true and Statement (II) is the correct explanation of Statement (I)'. This question from the Current Affairs domain tests knowledge of International Organisations & Groupings.