Is it true that Britain regained its position as the world’s leading economy after the First World War?

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True

False

answer is B.

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Detailed Solution

The above statement is false.
Britain could not regain its position as the world's leading economy after the First World War.
Britain, which had the largest economy in the world before the war, had a prolonged crisis. While Britain was focused on the war, Japan and India were developing their economies. Following the war, Britain struggled to compete internationally with Japan and regain its former position of market supremacy in India. Furthermore, Britain borrowed heavily from the United States to cover war expenses. Due to this, The correct statement is that Britain was left with a huge external debt load at the war's end.

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