Question

Which of the following statements regarding manufacturing is not true?
(a) Manufacturing helps in modernising agriculture.
(b) Development of manufacturing industries is a precondition for eradication of unemployment and poverty.
(c) Export of manufactured goods expands trade and commerce and brings in much needed foreign exchange.
(d) Manufacturing puts the country into a debt trap.

Answer 1

the statements regarding manufacturing is not true is Manufacturing puts the country into a debt trap.

• manufacturing is the backbone of every economic development of the country.
• it provides employment and helps in removing poverty .it is provides source of income to million unemployed.
• also, the surplus the generated can be exported to foreign countries generating income of the country.
• hence,the incorrect point with regard to manufacturing is (d) Manufacturing puts the country into a debt trap.