Read the following statements and choose the most appropriate answer: Statement A: The arrangement between the merchant and the weavers is a classic example of the 'putting-out' system. Statement B: Under this system, the merchant supplies raw material to the weavers and receives the finished product from them.

Which of the following statements on markets are true? (a) In weekly markets, things are available at cheaper rates because the shop owners purchase directly from the producers. (b) Phone and internet shopping have caused losses to the neighbourhood shops. (c) The goods sold in permanent shops are often costly because the shop owners have to bear the expenditure of rent, electricity, government fees etc.

Which of the following statements are true regarding weekly markets? 1. A weekly market is so called because it is held on a specific day of the week. 2. Weekly markets have permanent shops. 3. Many goods in weekly markets are available at cheaper rates.