Assertion (A) To deal with external surpluses
and deficits a conference was held in July, 19
Reason (R) The world wide spread of \( \mathrm{MNCs} \) was a notable feature in the \( 1950 \mathrm{~s} \) and \( 1960 \mathrm{~s} \)
US business expanded worldwide. Codes (a) Both \( A \) and \( R \) are true and \( R \) is the correct
explanation of \( A \) (b) Both \( A \) and \( R \) are true, but \( \mathrm{R} \) is not the correct explanation of \( \mathrm{A} \)
Trade surplus is the situation when the export -orts of goods and services.
The Final Answer is option (b).
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