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Business Studies

Types of Industry

Which of the ...

Question

Which of the following cannot be classified as an auxiliary to trade?

(a) Mining

(b) Insurance

(c) Warehousing

(d) Transport

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Solution

Mining cannot be classified as an auxiliary to trade. This is because it does not facilitate trade but infact forms the basis of trade. Mining is classified as a primary industry as it involves the extraction of natural resources.

Hence, the correct answer is option (a).

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