Correct Option
The correct option is (a).
Explanation
Urban livelihoods include various forms of trade and business, ranging from street vending to permanent shops. Permanent shops are established structures that operate under the regulatory framework of local urban bodies, such as Municipal Corporations, to ensure orderly conduct of business.
Statement-wise Analysis
- Statement 1 is Correct: Permanent shops are required to obtain a license to do business from the Municipal Corporation. This license grants them the legal authority to operate within the jurisdiction of the city or town.
- Statement 2 is Incorrect: The weekly closing day for markets is not decided solely by the shop owners without regulation. The Municipal Corporation or the relevant local authority typically designates a specific day of the week on which markets in a particular area must remain closed.
- Statement 3 is Incorrect: Permanent shop owners are not prohibited from employing workers. Unlike small temporary stalls or hawkers who might work alone or with family, permanent shops frequently employ workers as supervisors, helpers, or sales staff to assist in business operations.
Key Takeaway: Permanent shops in urban areas are regulated entities that must possess a municipal license, adhere to designated weekly closing schedules, and are permitted to employ staff for their operations.