Is it true that the Advancement of international trade in a country is an index to its technical prosperity?

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True

False

answer is B.

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Detailed Solution

The above statement is false.
The advancement of international trade in a country is a result of globalisation. It depicts the rate of economic progress of the country and is considered an index to its economic prosperity. The export and import of various products and services between countries help balance resources and meet the needs of the people and the industries. The raw materials and finished products are exchanged between countries through various modes of transport. Waterways are the popular transport network for overseas trade. In India, the major exports include agricultural products, minerals, and precious gems. India imports petroleum and associated products from various countries.
The correct statement would be that the advancement of international trade in a country is an index to its economic prosperity.

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