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State whether the following statement are true or false with reasons. The Non-Aligned Movement had great significance. Select the correct answer from above options

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This statement is True. After the Second World War, the two superpowers i.e., the USA and USSR, had begun the Cold War which led to many military alliances being created. Many Third World countries, which had recently gained freedom from colonial rule, did not want to ally with any power bloc. So in 1961, the NAM was formally established at Belgrade by heads of India, Yugoslavia, Egypt, Ghana, Indonesia, etc.

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