Question

Given below are two statements :
Statement (I): The Bangladesh crisis had put a heavy strain on India's economy. In the international market, oil prices increased manifold during this period. There was an all round increase in prices of commodities
Statement (II): Industrial growth was high and unemployment low. There was a sharp increase in agricultural productivity and an atmosphere of satisfaction with prevailing economic conditions in 1970s
In the light of the above statements, choose the most appropriate answer from the options given below:

• A. Both Statement (I) and Statement (II) are correct
• B. Both Statement (I) and Statement (II) are incorrect
• C. Statement (I) is correct but Statement (II) is incorrect
• D. Statement (I) is incorrect but Statement (II) is correct

Answer 1

The Correct Option is C

The correct option is (C): Statement (I) is correct but Statement (II) is incorrect