Select if the given statement is true/false:

The urban sector supplies the basic raw materials to the industries.

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True

False

answer is B.

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Detailed Solution

The given statement is false.
It is the rural sector that supplies the basic raw materials to the industries. 65% of the total population in India belongs to the rural sector. The rural areas provide the urban sector with raw materials like cotton, rice, wheat, and other Agri products, which are processed by the industries to sell out the final product. The urban sector also provides services like transportation and communication facilities to the rural sector. The industries also provide machines and non-agricultural goods, which the rural sector is interested in consuming.
The correct statement is that the rural sector supplies the basic raw materials to the industries.

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