What helps in expanding trade and commerce and brings in foreign exchange?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is Option 2 i.e. export of manufactured goods
- Exporting manufactured goods can expand trade and commerce.
- It helps in bringing in foreign exchange.
- Industrialization allows a country to produce a wide range of manufactured goods, which can be exported to other countries.
- Foreign trade is the exchange of goods and services between two countries in the international market. It helps in the availability of raw material/finished product in a country that either does not have it or has it in scarcity.