Quick Answer: What Removes The Hindrance Of Finance?

What is meant by hindrance of finance?

It simply refers to sale, transfer or exchange of goods and services.

It helps in making the goods and services available to ultimate consumers.

Hindrance of financing: Hindrance of financing can be overcome by arranging money and making payments to the seller through banks and other sources which are known as banking..

Which hindrance of business is removed by the banking industry?

Hindrance of loss,theft,fire,accidents. Hindrance of exchange.,by transfering money from one person’s account to another. Banking removes the hindrance of lack of funds.

What is meant by Allangadi?

What is meant by Allangadi? Answer: The night market was called as Allangadi according to Saint Poet Ilango in Silapathigaram, Madurai-Kanchi.

What removes the hindrance?

(i) Hindrance of person refers to the problem of contact between producers and consumers commerce removes. This hindrance is removed by trade. (ii) Hindrance of place refers to the problem of distribution of goods at distant places without loss. Commerce removes this hindrance by transportation.

Which hindrance of trade does insurance remove and how?

(c) Insurance The risk of loss or damage to the factory building, machinery, furniture, goods held in stock or goods in course of transport due to theft, fire, accidents, etc is removed by insurance of goods.

What are the types of hindrance?

The five hindrances individuallySensory desire (kamacchanda) The hindrance of sensory desire (kamacchanda) is latching onto thoughts or feelings based on the pleasures of the five senses. … Ill will (vyapada) … Sloth-torpor (thina-middha) … Restlessness-worry (uddhacca-kukkucca) … Doubt (vicikicchā)

Which hindrance is removed by transportation?

Following are the hindrances in commerce: Lack of Personal Contact: This hindrance is removed by traders and middlemen. Distance or Place: This hindrance is removed by transportation. Finance: Thishindrance is removed by banking.

What is the meaning of hindrance?

1 : the state of being interfered with, held back, or slowed down : the state of being hindered hindrance of speech. 2 : a person or thing that interferes with or slows the progress of someone or something : impediment a hindrance to learning.

What is meant by barter system?

A barter system is an old method of exchange. Th is system has been used for centuries and long before money was invented. People exchanged services and goods for other services and goods in return. … The value of bartering items can be negotiated with the other party.

Which hindrance of commerce is highlighted in the following activities?

a) The hindrance that is highlighted is ‘hindrance of place’. Commerce provides transportation facilities that enables the producers to take their goods to the market place and sell them to the consumers.