Vidyalelo
Commerce · Q587

Business Environment and International Business

Graduate and Post Graduate · Commerce · question 587

Q587

Consider the following statements. Assertion (A): There was demand for World Bank, IMF and ITO type institutions after World War II so as to avoid war type situation in future. Reason (R): The great depression of early 1930s produced the apprehensions that imports would throw more people out of work. This led governments to raise their trade barriers, retaliations and protectionism.

A.
Both (A) and (R) are correct and (R) supports (A)
Answer
B.
Both (A) and (R) are correct, but (R) does not support (A)
C.
(A) is correct, but (R) is incorrect
D.
(R) is correct, but (A) is incorrect

Answer: Option A

Solution

Answer: Option A
No explanation is given for this question Let's Discuss on Board