Given below are two statements. One is labelled as Assertion (A) and the other is labelled as Reason (R).
Assertion (A): Globalization refers to the free cross-border movement of goods, services, capital, information and people
Reason (R): Countries are consistently evolving innovative marketing barriers that are not WTO compatible
In the light of the above statements, choose the correct answer from the options given below
A. Both (A) and (R) true and (R) is the correct explanation of (A)
B. Both (A) and (R) true but (R) is NOT the correct explanation of (A)
C. (A) is true but (R) is false
D. (A) is false but (R) is true
Answer: Option B
Related Questions on Business and Commerce
A. Commerce
B. Industry and commerce
C. Trade and commerce
D. Selling and buying of goods
Which of the following is not an economic activity?
A. A doctor practicing
B. A lawyer practicing law
C. A professional cricketer playing cricket
D. A student playing cricket
Which of the following is an extractive industry?
A. Cattle breeding
B. Forest cultivation
C. Hunting
D. Flour mills
Which of the following is not a manufacturing industry?
A. Iron and steel works
B. Flour Mills
C. Fruit canning
D. Mining
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