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Q.

Choose the given statement is True/False


Exports are one of the oldest forms of economic transfer and occur on a large scale between all the countries.


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a

True

b

False 

answer is A.

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Detailed Solution

The above statement is true.
Export is a product or service produced in one country and sold to a buyer abroad. Exports are one of the oldest forms of economic transfer and occur on a large scale between all the countries. An example of export is Tea produced in India being shipped to Singapore for sale. The car manufacturing plant of Maruti Udyog Ltd in India produces cars for Indian markets. Still, it does not export cars to other developing countries and exports car components for its many factories worldwide.
 
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