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Consider the following assertions :
1. Erode’s bi-weekly cloth market in Tamil Nadu is one of the largest cloth markets in the world. 2. The arrangement between the merchant and the weavers is an example of a putting-out system, whereby the merchant supplies the raw material and receives the finished product.
Which of the above assertion(s) is/are true?
- a)1 only
- b)2 only
- c)Both 1 and 2
- d)Neither 1 nor 2
Correct answer is option 'C'. Can you explain this answer?
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Verified Answer
Consider the following assertions : 1. Erode’s bi-weekly cloth market...
- Erode’s bi-weekly cloth market in Tamil Nadu is one of the largest cloth markets in the world. A large variety of cloth is sold in this market. Cloth that is made by weavers in the villages around is also brought here for sale.
- The arrangement between the merchant and the weavers is an example of a putting-out system, whereby the merchant supplies the raw material and receives the finished product. It is prevalent in the weaving industry in most regions of India.
Most Upvoted Answer
Consider the following assertions : 1. Erode’s bi-weekly cloth market...
1. Assertion 1: Erode’s bi-weekly cloth market in Tamil Nadu is one of the largest cloth markets in the world.
The assertion is true. Erode’s bi-weekly cloth market in Tamil Nadu is indeed one of the largest cloth markets in the world. Erode is a city in Tamil Nadu, India, known for its textile industry. It has a thriving cloth market that attracts buyers and sellers from across the country and even internationally. The market is held twice a week and offers a wide variety of fabrics, including silk, cotton, and synthetic materials. It is a hub for the textile industry and contributes significantly to the economy of the region.
2. Assertion 2: The arrangement between the merchant and the weavers is an example of a putting-out system, whereby the merchant supplies the raw material and receives the finished product.
The assertion is true. The arrangement between the merchant and the weavers in Erode's cloth market is indeed an example of a putting-out system. In a putting-out system, also known as the domestic system or cottage industry, the merchant provides the raw materials to the weavers, who then work from their homes or small workshops to produce the finished products. Once the products are completed, the weavers return them to the merchant, who pays them for their work.
This system allows the merchant to have control over the production process while minimizing their investment in infrastructure and labor costs. It also provides employment opportunities for the local weavers who can work at their own pace and convenience. The putting-out system has been a traditional practice in the textile industry, particularly in regions like Erode, where handloom weaving is a prominent occupation.
In conclusion, both assertions 1 and 2 are true. Erode’s bi-weekly cloth market in Tamil Nadu is indeed one of the largest cloth markets in the world, and the arrangement between the merchant and the weavers in the market is an example of a putting-out system.
The assertion is true. Erode’s bi-weekly cloth market in Tamil Nadu is indeed one of the largest cloth markets in the world. Erode is a city in Tamil Nadu, India, known for its textile industry. It has a thriving cloth market that attracts buyers and sellers from across the country and even internationally. The market is held twice a week and offers a wide variety of fabrics, including silk, cotton, and synthetic materials. It is a hub for the textile industry and contributes significantly to the economy of the region.
2. Assertion 2: The arrangement between the merchant and the weavers is an example of a putting-out system, whereby the merchant supplies the raw material and receives the finished product.
The assertion is true. The arrangement between the merchant and the weavers in Erode's cloth market is indeed an example of a putting-out system. In a putting-out system, also known as the domestic system or cottage industry, the merchant provides the raw materials to the weavers, who then work from their homes or small workshops to produce the finished products. Once the products are completed, the weavers return them to the merchant, who pays them for their work.
This system allows the merchant to have control over the production process while minimizing their investment in infrastructure and labor costs. It also provides employment opportunities for the local weavers who can work at their own pace and convenience. The putting-out system has been a traditional practice in the textile industry, particularly in regions like Erode, where handloom weaving is a prominent occupation.
In conclusion, both assertions 1 and 2 are true. Erode’s bi-weekly cloth market in Tamil Nadu is indeed one of the largest cloth markets in the world, and the arrangement between the merchant and the weavers in the market is an example of a putting-out system.
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Consider the following assertions : 1. Erode’s bi-weekly cloth market in Tamil Nadu is one of the largest cloth markets in the world. 2. The arrangement between the merchant and the weavers is an example of a putting-out system, whereby the merchant supplies the raw material and receives the finished product.Which of the above assertion(s) is/are true?a) 1 onlyb) 2 onlyc) Both 1 and 2d) Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?
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Consider the following assertions : 1. Erode’s bi-weekly cloth market in Tamil Nadu is one of the largest cloth markets in the world. 2. The arrangement between the merchant and the weavers is an example of a putting-out system, whereby the merchant supplies the raw material and receives the finished product.Which of the above assertion(s) is/are true?a) 1 onlyb) 2 onlyc) Both 1 and 2d) Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following assertions : 1. Erode’s bi-weekly cloth market in Tamil Nadu is one of the largest cloth markets in the world. 2. The arrangement between the merchant and the weavers is an example of a putting-out system, whereby the merchant supplies the raw material and receives the finished product.Which of the above assertion(s) is/are true?a) 1 onlyb) 2 onlyc) Both 1 and 2d) Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following assertions : 1. Erode’s bi-weekly cloth market in Tamil Nadu is one of the largest cloth markets in the world. 2. The arrangement between the merchant and the weavers is an example of a putting-out system, whereby the merchant supplies the raw material and receives the finished product.Which of the above assertion(s) is/are true?a) 1 onlyb) 2 onlyc) Both 1 and 2d) Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?.
Consider the following assertions : 1. Erode’s bi-weekly cloth market in Tamil Nadu is one of the largest cloth markets in the world. 2. The arrangement between the merchant and the weavers is an example of a putting-out system, whereby the merchant supplies the raw material and receives the finished product.Which of the above assertion(s) is/are true?a) 1 onlyb) 2 onlyc) Both 1 and 2d) Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following assertions : 1. Erode’s bi-weekly cloth market in Tamil Nadu is one of the largest cloth markets in the world. 2. The arrangement between the merchant and the weavers is an example of a putting-out system, whereby the merchant supplies the raw material and receives the finished product.Which of the above assertion(s) is/are true?a) 1 onlyb) 2 onlyc) Both 1 and 2d) Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following assertions : 1. Erode’s bi-weekly cloth market in Tamil Nadu is one of the largest cloth markets in the world. 2. The arrangement between the merchant and the weavers is an example of a putting-out system, whereby the merchant supplies the raw material and receives the finished product.Which of the above assertion(s) is/are true?a) 1 onlyb) 2 onlyc) Both 1 and 2d) Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?.
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