Multiple choice

Which of the following statements is/are correct about auxiliaries to trade?

a. Activities which are meant for maximisation of profit during trade are known as auxiliaries to trade. b. These activities are generally, referred to as services because these are in the nature of facilitating the activities relating to industry and trade. c. The activities that help in removing various hindrances, which arise in connection with the production and distribution of goods.

  1. Only a

  2. Only b

  3. Only c

  4. Only a and c

  5. Only b and c
Reveal answer Fill a bubble to check yourself
E Correct answer
Explanation

It is the right answer, as both b and c are correct. These activities are generally referred to as services because these are in the nature of facilitating the activities relating to industry and trade. The activities that help in removing various hindrances, which arise in connection with the production and distribution of goods.

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