JAMB - Commerce (2025 - No. 6)
Which of the following is not an aid to trade ?
Insurance
Banking
Production
Transport
Explication
The correct answer is 'Production'. Production refers to the process of creating goods and services, which is a fundamental
economic activity but not an aid to trade. Aids to trade are services that facilitate the buying and selling of goods, such as
transport (moving goods), banking (financial services), and insurance (risk management). Therefore, 'Production' does not fit the
definition of an aid to trade.
economic activity but not an aid to trade. Aids to trade are services that facilitate the buying and selling of goods, such as
transport (moving goods), banking (financial services), and insurance (risk management). Therefore, 'Production' does not fit the
definition of an aid to trade.