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