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

Statement I:IBM was the most valuable worldwide IT brand in 2022.

Statement II:TCS and Infosys were the second and the third most valuable Indian brands respectively in the IT services sector globally in 2022.

ABoth Statement I and Statement II are true

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

Correct answer: (D) Statement I is false but Statement II is true

Explanation

IBM was not the world's most valuable IT brand in 2022, while the ranking of TCS and Infosys among Indian IT services brands holds.

Statement 1 claims IBM led all global IT brands by value in 2022, which is inaccurate.

Apple and other technology giants ranked far above IBM in brand value that year.

Statement 2 places TCS and Infosys among the leading Indian IT services brands, which is correct.

Brand value reflects reputation, revenue strength and market perception.

Brand Finance publishes such annual global brand valuation rankings.

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