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Given below are two statements. In the light of the above statements, choose the correct answer from the options given below.

Statement I:Because of technological strides in recent times, words and time as related to communications have become money.
Statement II:Technological convergence has contributed to the control of mass communication by a few corporates.
ABoth Statement I and Statement II are true ✓ Correct
BBoth Statement I and Statement II are false
CStatement I is true but Statement II is false
DStatement I is false but Statement II is true
Correct answer: (A) Both Statement I and Statement II are true
Explanation

Both statements are true and together describe the economics of modern communication.

The first holds that with recent technological strides the words and time tied to communication have become money, which is sound because attention, data and airtime are now bought and sold as valuable assets.

The second holds that technological convergence has helped a few corporates control mass communication, which is sound because merging technologies concentrate media power in fewer hands.

Both point to the commercial and concentrated shape of today's media.

Convergence lets one owner run many platforms at once.

This raises familiar worries about diversity and access.

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