question_answer

Directions The following questions consist of two statements. Statement I and Statement II. You are to examine these two statements carefully and select the answers to these items using the codes given below.

Statement I Home trades are subject to agreements like GATT.

Statement II In home trade, payments are realised usually before the trade is executed.

Codes

A)                                  Both Statements are correct

B)                     Both Statements .are incorrect

C)                     Statement I is correct, but Statement II is incorrect

D)                     Statement I is incorrect, but Statement II is correct