Question

Which of the given points on History of International Trade are correct?
In ancient times trade was restricted to local markets
The silk route is an example of long distance trade
Industrialised nations started importing raw materials and exporting finished products
Slave trade started after World War I

• A. (A), (B), (D) only
• B. (A), (B), (C) only
• C. (A), (C), (D) only
• D. (B), (C), (D) only

Hint:

The Silk Route and the export-import dynamics of the industrial revolution are crucial to understanding the history of international trade.

Answer 1

The Correct Option is B

% Option (A) Trade in ancient times was largely restricted to local markets due to limited technology for long-distance trade.
% Option (B) The Silk Route was indeed an important example of long-distance trade connecting Asia to Europe.
% Option (C) Industrialized nations began importing raw materials from colonies and exporting finished goods as part of the Industrial Revolution.
% Option (D) The transatlantic slave trade began well before World War I, not after it.