Teaching UGC NET Mock Test Series 2025 (Paper 1 & 2) Business Studies Finance and Trade International Trade
Given below are two statements, one labelled as Assertion (A) and the other labelled as Reason (R). Read the statements and choose the correct answer using the code given below.
Assertion (A): Growing proportion of the world output is traded internationally, causing faster growth of trade among nations.
Reason (R): This situation is bringing world economic integration, which is reinforced by cross-border capital flows and regional blocs.
1
Both (A) and (R) are correct and (R) is the right explanation of (A).
2
Both (A) and (R) are correct, but (R) is not the right explanation of (A).
3
(A) is correct, but (R) is incorrect.
4
Both (A) and (R) are incorrect.