In an electrolytic cell, which of the following is not true?

In an electrolytic cell Anode is negative terminal, the given statement is incorrect.

An electrolyte, two electrodes, and an electrolytic cell make up an electrolytic cell (a cathode and an anode). The electrolyte is often a mixture of ions that have been dissolved in water or another solvent. Electrolytes can also be molten salts, such sodium chloride.

Hence, correct option is B.