Statements on State Involvement in Businesses
CMAT 2024 · Innovation & Entrepreneurship · Hard · Innovation and Entrepreneurship
Given below are two statements : Statement I : People's attitudes have changed over the years leading to involvement of State (Government) in businesses globally. Statement II : Increasing technicality is leading to State (Government) to make interventions in businesses globally.
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
B
Explanation
Both statements present overly simplified/misleading phrasing regarding the primary drivers of state intervention in businesses, which are driven by macroeconomic, social welfare, regulatory, and political factors rather than purely attitude changes or increasing technicality.
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