Q.Hindrance of place is removed by ________.

The correct answer is (a) Transport. Transport removes the hindrance of place by physically moving goods from the point of production to the point of consumption.

In the Tamil Nadu HSC Commerce syllabus, trade faces several hindrances that auxiliaries (aids to trade) help overcome:

• Hindrance of place — producers and consumers are located in different places. Transport bridges this distance, so this is the hindrance transport removes.
• Hindrance of time — goods are produced in one season but demanded throughout the year. Warehousing removes this by storing goods until needed.
• Hindrance of risk — goods may be lost or damaged. Insurance covers this.
• Hindrance of knowledge/information — buyers may not know a product exists; advertising and salesmanship remove this. …