Question

Q1) which of the following is classified as an auxiliary to trade
इनमें से किसी व्यापार की सहायक क्रिया कहा जा सकता है
a. Mining b. Advertising C. Plantation d. agriculture
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Answer 1

Answer:

plantation is considered as auxiliary to trade

Answer 2

The correct answer is option (B) Advertising.

Advertising is considered to be an auxiliary to trade.

• Auxiliary to trade refers to all the activities that help in facilitating trade or business.

• Some of them are enlisted below:

1. Banking- It provides loan or credit flow for businesses to run and flourish.
2. Transport and communication- It helps in transportation of raw materials for business and also links the producers to the consumers. Communication services such as email, fax, internet, etc. are also of great importance.
3. Insurance- Businesses involve risks and thereby insurance companies helps them in overcoming losses incurred in the business.
4. Advertising- It is important to reach the people and explain the utility of the products manufactured. It promotes the sale of products, enhances awareness and also facilitates consumers.
5. Warehouse- It is necessary to store the goods before dispatch. They are supplied according to the demand in the market.