Check whether the statement is true/false:

Many regions in our country are rich in resources but these are included economically backward regions. On the contrary, some regions have a poor resource base but are economically developed.

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True

False

answer is A.

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Detailed Solution

The above present statement is true.
Many regions in our country are rich in resources but these are included economically backward regions. On the contrary, some regions have a poor resource base but are economically developed.
In the absence of comparable advances in technology and institutions, the mere availability of resources may hinder development. Our country has numerous resource-rich regions, yet they are economically underdeveloped.

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