Question

the value of equilibrium constant gives us a relative idea about the extent to which a reaction proceeds is it true or false

Answer 1

The statement is true..
Value of equilibrium constant gives us a relative idea about the extent to which a reaction proceeds.

Answer 2

Your ability to interpret the numerical value of a quantity in terms of what it means in a practical sense is an essential part of developing a working understanding of Chemistry. This is particularly the case for equilibrium constants, whose values span the entire range of the positive numbers. Although there is no explicit rule, for most practical purposes you can say that equilibrium constants within the range of roughly 0.01 to 100 indicate that a chemically significant amount of all components of the reaction system will be present in an equilibrium mixture and that the reaction will be incomplete or “reversible”