Consider the following statements:
Statement-1: 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?
(a) Both Statement-I and Statement-II are correct and Statement-II is the correct explanation for Statement-I
(b) Both Statement-1 and Statement-II are correct and Statement-II is not the correct explanation for Statement-I
(c) Statement-I is correct but Statement-II is incorrect
(d) Statement-I is incorrect but Statement-II is correct
Answer: C
Statement-I is correct. The United States of America (USA) and the European Union (EU) have launched the Trade and Technology Council (TTC) on June 15, 2021. The TTC is a forum for the USA and the EU to cooperate on trade and technology issues. The TTC is expected to focus on issues such as artificial intelligence, semiconductors, and cybersecurity.
Statement-II is incorrect. The USA and the EU have not claimed that they are trying to bring technological progress and physical productivity under their control through the TTC. The TTC is a forum for cooperation, not for control. The USA and the EU have stated that they hope the TTC will help to ensure that the benefits of technological progress are shared widely and that the risks of technological progress are managed effectively.
Therefore, Statement-I is correct but Statement-II is incorrect.
