Given below are two statements
Statement I: Dualism refer to economic and social divisions in an economy, such as difference in the level of technology between sectors or regions, differences in the degree of geographic development and differences in social customs and attitudes.
Statement II: The developing countries in the early stage of development experience dualism, which have implications for future pattern and pace of development.
In the light of the above statements. choose the most correct answer from the options given below:
1
Both Statement I and Statement II are true.
2
Both Statement I and Statement II are false
3
Statement I is true but Statement II is false
4
Statement I is false but Statement II is true