Statement-I is correct. The United States of America (USA) and the European Union (EU) launched the 'Trade and Technology Council' (TTC) in June 2021 during the EU-US Summit. This initiative aims to coordinate approaches on key global trade, economic, and technology issues, including supply chain resilience and digital governance.
Statement-II is incorrect. The assertion that the USA and the EU aim to bring technological progress and physical productivity under their control through the TTC is inaccurate. The stated objectives of the TTC focus on fostering mutual cooperation and addressing common challenges in critical areas such as semiconductors, artificial intelligence (AI), export controls, and green technology, rather than asserting global control over technological development or productivity.
Options (a) and (b) are incorrect because Statement-II is factually inaccurate regarding the intent and scope of the Trade and Technology Council. Therefore, any option claiming Statement-II is correct, or that it provides a correct explanation for Statement-I, is invalid.
Option (d) is incorrect because Statement-I accurately reflects the launch of the 'Trade and Technology Council' by the USA and the EU, making it a correct statement.