Step 1: Analyze field line diagram.
Electric field lines are directed towards both charges, indicating that both charges are negative.
Step 2: Compare number of field lines.
The number of field lines terminating on both charges appears equal.
Step 3: Relation with charge magnitude.
Number of field lines is proportional to magnitude of charge.
Thus:
\[
|q_1| = |q_2|
\]
Step 4: Check option (A).
\[
\frac{q_1}{q_2} = 1
\]
This is true since magnitudes are equal and both are negative.
Step 5: Check option (B).
\[
|q_1| = |q_2|
\]
This is also true.
Step 6: Identify incorrect statement.
Statement \( |q_1|>|q_2| \) is incorrect.
Step 7: Final conclusion.
\[
\boxed{|q_1|>|q_2| \text{ is not true}}
\]
Hence, correct answer is option (C).