UPSC PRELIMS · ECONOMICS · INTERNATIONAL ECONOMY — TRADE & TECHNOLOGY
Consider the following statements : Statement-I : Recently, the United States of America (USA) and the European Union (EU) have launched the Trade and Technology Council'. Statement-II : The USA and the EU claim that through this they are trying to bring technological progress and physical productivity under their control. · Which one of the following is correct in respect of the above statements?
Take a breath. Choose one. Press A–D on your keyboard if you like.
EXPLANATION
The US-EU Trade and Technology Council was launched to coordinate technology and trade issues, but the stated claim that they seek to bring technological progress and physical productivity 'under their control' is not the correct characterization. Hence statement I is correct and II is incorrect.
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