Question

1. Auxiliaries to trade play a role for trade and industry
.a. Negative b. Non-essential c supportive d. Unsupportive
2. Who issues the Certificate of Registration to a firm?
a. State Government b. Registrar of Firms c. None of these d. Central Government​

Answer 1

Answer:

1. Auxiliaries to trade play a supportive (option C) role in trade and industry

2. Registrar of Firms (option b) issues the Certificate of Registration to a firm.

Explanation:

• The activities which help in the smooth flow of trade are known as " Auxiliaries or Aids to trade."

• These activities help in buying and selling goods more easily.
• The common aids to trade are as follows:

1. Transport
2. Banking
3. Insurance
4. Warehousing
5. Advertising.

Thus,  Auxiliaries to trade play a supportive (option C) role in trade and industry because it helps in the smooth flow of goods and services in the market.

• Registrar of Firms (option b) issues the Certificate of Registration to a firm.
• The incorporation of a company is the second stage in the formation of the company under the Companies Act 2013.
• It involves:

1. Filling of necessary documents
2. Payment of fees
3. Registration
4. Certificate of incorporation which is issued by the Registrar of Companies.

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Answer 2

Answer:

1. c. supportive
2. b. Registrar of Firms

Explanation:

Auxiliaries or aids to trade are actions that facilitate the smooth operation of trade.

• These actions make it easier to buy and sell things.
• Here are some typical trade facilitation tools:
• Transport, Banking, Insurance, Warehousing, Advertising.
• Because they aid in the efficient flow of products and services in the market, auxiliaries to commerce thus play a supportive (option C) function in trade and industry.

The Certificate of Registration is given to a firm by the Registrar of Firms (option b).

• According to the 2013 Companies Act, the second step in the formation of a business is its incorporation.
• It entails:
• filling out the required paperwork
• Fees must be paid
• Registration
• The Registrar of Companies issues certificates of incorporation.

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