A passage is given with five questions following it. Read the passage carefully and select the best answer to each question out of the given four alternatives.
The rural economy is an important segment of the ecosystem and accounts for around 70 percent of employment and 50 percent of GDP with agriculture being the main driver followed by services and manufacturing. It is largely unorganized and hence those working in rural India or consuming in this economy are a different category of economic agents driven by different factors. The economy is quite complex in so far as the fact that cash dominates in terms of transactions and while there has been some intrusion of the use of credit (kisan) and debit cards and ATMs, dependence on technology driven payments system is limited. This has hence also become a haven for routing black money both in terms of seeking tax exemptions by channeling funds, to convert to legitimate funds. But a lot of black money gets into land and ' apparent rural activity ' . Now consider some aspects of this economy and the cash conundrum. Almost all transactions in the mandis (there are above 7,000 organized ones and over double the number that is unorganized), are based on cash as it is easy to use. The farmers prefer to receive cash and while some do take in cheques there is a sense of doubt if the counter party is unknown. Hence one reason why electronic mandis is a good idea is that payments can also be made through the electronic mode as all transactions would be e-enabled. The recent demonetization has caused significant distortions as farmers are unable to sell their goods. This has happened just when we are in middle of the kharif harvest which involves rice, soybean, cotton, maize, sugarcane, bajra, besides fruits and vegetables which are all year through. The second issue for Indian agriculture is the rabi season which has begun where farmers start sowing their seeds. The issue here is less serious as a large part is backed by credit where the prevalent cash crunch may not matter. It would only be at the margin that farmers may be impacted, and hence the pain here would be secondary.
Which of the following is not true in regards to rural economy?

Options

A. It account for major percent in employmenting the people of the country.
B. It has a technology driven mandis.
C. Major transactions are based on cash.
D. Demonetization has caused significant distortions in rural economy especially to farmers.

Answer

B