To evaluate the statement and the arguments given:
Statement: Should the cottage industry be shifted to urban cities from villages?
Argument I: No, the rural population will die of hunger.
Argument II: Yes, rural people will be encouraged to adopt farming as their livelihood.
Let's analyze each argument:
In conclusion, both arguments do not provide strong, logical support for the statement. Hence, the correct answer is:
Argument I & II are invalid.