Library file is nothing but a VB script file containing code in VB Script format. Library
files in QTP are used to declare functions that are needed to be used across
actions. There are two ways to load a Library file in to your test:
If you specify 2 or more library having a function with same name then QTP will execute the one that comes first i.e. by looking at the order you specify the files. There is no need to specify an order for dependent library file Ex- if file2 uses functions defined in file1 then it is not necessary to specify file1 above file2 any order will work fine.
This action might not be possible to undo. Are you sure you want to continue?