Which of the following statement(s) is/are true?
- Infrastructure plays a crucial role in the working of the modern industrial economy.
- Modern agriculture is independent of the speedy transport of seeds.
- Agriculture is also dependent on insurance and banking facilities.
- Infrastructure has no role in the development of an economy.
Answer & explanation
Correct answer: option 3
The correct answer is Option 3: A and C only
Let’s analyze each statement:
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Infrastructure plays a crucial role in the working of the modern industrial economy.True. Infrastructure such as transportation, communication, and energy systems is essential for the efficient functioning of an industrial economy.
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Modern agriculture is independent of the speedy transport of seeds. False. Modern agriculture relies on efficient transport systems for timely delivery of seeds, fertilizers, and other inputs.
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Agriculture is also dependent on insurance and banking facilities. True. Insurance helps protect farmers against risks like crop failure, while banking facilities provide necessary credit and financial services.
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Infrastructure has no role in the development of an economy. False. Infrastructure is vital for economic development as it supports various sectors including industry, agriculture, and services.