Maharashtra State BoardHSC Commerce 12th Board Exam
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Answer the Following Questions: Describe the Role of Transport in Modern Times. - Organisation of Commerce and Management

Answer in Brief

Answer the following question:
Describe the role of transport in modern times.

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Solution 1

Transport plays a major role in our lives. It facilitates the movement of goods, raw materials and labour from one place to another. Some important functions of transport are as follows:
i. Aids in the production process - Transport helps traders or manufactures to procure raw materials from far-off places and from places where they are available at the cheapest rate. Hence, it helps in procuring raw materials for production.
ii. Helps in the expansion of markets - Through transportation, sellers or traders can sell their goods in the markets that are far-off. Thus, it aids in the expansion of markets as well.
iii. Stabilises prices - Transportation helps in making the goods available whenever and wherever they are in demand. Thus, it helps in maintaining price stability.
iv. Creates employment - Transportation creates direct employment. It employs drivers, mechanics, helpers, etc., in the process.
v. Improves standard of living - It improves the standard of living of the people by making a wide variety of goods available to them and by creating employment opportunities for them.
vi. Helps during emergency - Transportation plays a vital role during a crisis. It helps in delivering basic necessities like food, shelter and medical help to the people during an emergency.

Solution 2

Transport plays a major role in our lives. It facilitates the movement of goods, raw materials and labour from one place to another. Some important functions of transport are as follows:
i. Aids in the production process - Transport helps traders or manufactures to procure raw materials from far-off places and from places where they are available at the cheapest rate. Hence, it helps in procuring raw materials for production.
ii. Helps in the expansion of markets - Through transportation, sellers or traders can sell their goods in the markets that are far-off. Thus, it aids in the expansion of markets as well.
iii. Stabilises prices - Transportation helps in making the goods available whenever and wherever they are in demand. Thus, it helps in maintaining price stability.
iv. Creates employment - Transportation creates direct employment. It employs drivers, mechanics, helpers, etc., in the process.
v. Improves standard of living - It improves the standard of living of the people by making a wide variety of goods available to them and by creating employment opportunities for them.
vi. Helps during emergency - Transportation plays a vital role during a crisis. It helps in delivering basic necessities like food, shelter and medical help to the people during an emergency.

Solution 3

Transport plays a major role in our lives. It facilitates the movement of goods, raw materials and labour from one place to another. Some important functions of transport are as follows:
i. Aids in the production process - Transport helps traders or manufactures to procure raw materials from far-off places and from places where they are available at the cheapest rate. Hence, it helps in procuring raw materials for production.
ii. Helps in the expansion of markets - Through transportation, sellers or traders can sell their goods in the markets that are far-off. Thus, it aids in the expansion of markets as well.
iii. Stabilises prices - Transportation helps in making the goods available whenever and wherever they are in demand. Thus, it helps in maintaining price stability.
iv. Creates employment - Transportation creates direct employment. It employs drivers, mechanics, helpers, etc., in the process.
v. Improves standard of living - It improves the standard of living of the people by making a wide variety of goods available to them and by creating employment opportunities for them.
vi. Helps during emergency - Transportation plays a vital role during a crisis. It helps in delivering basic necessities like food, shelter and medical help to the people during an emergency.

Concept: Role of Transport
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Micheal Vaz Organisation of Commerce and Management (OCM) HSC 12th Standard Maharashtra State Board
Chapter 2 Business Services
Answer the following question | Q 8 | Page 86
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