Question
Innovation & Entrepreneurship Question on Financial Markets
Given below are two statements:
Statement I :Changing competition in market place is the primary reason for govt involvement in business globally.
Statement II:Increase in cost of production is the primary reason for govt in business globally.
In the light of the above statements,choose the most appropriate answer from the options given below:
A
Both Statement I and Statement II are correct
B
Both Statement I and Statement II are incorrect
C
Statement I is correct but Statement II is incorrect
D
Statement I is incorrect but Statement II is correct
Answer
Statement I is correct but Statement II is incorrect
Explanation
Solution
The correct option is (C): Statement I is correct but Statement II is incorrect.