Given: I. Retail II. Export III. Transport IV. Import V. Insurance VI. Banking and finance VII. Wholesale VIII. Communication. which of the above are aids to trade?
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Correct Answer: Option A
Explanation:
Aids to trade (also called auxiliary to trade) are the services that facilitate the smooth running of trade. From the list provided, Transport (III), Insurance (V), Banking and finance (VI), and Communication (VIII) are all services that support and aid the buying and selling of goods. Retail (I), Export (II), Import (IV), and Wholesale (VII) are the actual branches or forms of trade itself, not aids to it.
Aids to trade (also called auxiliary to trade) are the services that facilitate the smooth running of trade. From the list provided, Transport (III), Insurance (V), Banking and finance (VI), and Communication (VIII) are all services that support and aid the buying and selling of goods. Retail (I), Export (II), Import (IV), and Wholesale (VII) are the actual branches or forms of trade itself, not aids to it.