CLASS-VII QUIZ 1 : SOCIAL SCIENCE:- CHAPTER: 11 FROM BARTER TO MONEY

Money & Barter System Quiz

1. What is the system of exchanging goods and services without using money called?

a) Monetary System b) Barter System c) Digital Exchange d) Credit System

2. Which of these was used as "stone money" on Yap Island?

a) Cowrie shells b) Red feather coils c) Rai stones d) Copper knives

3. Consider the statements about the Barter System: I. It requires a "double coincidence of wants." / इसके लिए "आवश्यकताओं के दोहरे संयोग" की आवश्यकता होती है।
II. It is the most modern form of transaction. / यह लेन-देन का सबसे आधुनिक रूप है।

a) Only I is true b) Only II is true c) Both I and II are true d) Neither I nor II is true

4. What problem is solved by portability of money?

a) Goods rotting over time b) Difficulty carrying heavy items c) Dividing items d) Finding same needs

5. Match the following:
| List A (Item) | List B (Region) |
| 1. Tevau (Red feathers) | i. Central Mexico |
| 2. Tajadero (Copper knife) | ii. Micronesia |
| 3. Rai Stones | iii. Solomon Islands |

a) 1-iii, 2-i, 3-ii b) 1-i, 2-ii, 3-iii c) 1-ii, 2-iii, 3-i d) 1-iii, 2-ii, 3-i

6. Assertion & Reason:
Assertion (A): Money acts as a "store of value."
अभिकथन (A): मुद्रा "मूल्य के संचय" के रूप में कार्य करती है।
Reason (R): Unlike wheat or cattle, money can be kept for a long time and used later.
कारण (R): गेहूं या पशुओं के विपरीत, मुद्रा को लंबे समय तक रखा जा सकता है और बाद में उपयोग किया जा सकता है।

a) A true, R false b) A false, R true c) Both true & R explains A d) Both true but R doesn't explain

7. Which metal was used to make ancient Indian coins 'panas'?

a) Iron b) Gold, silver or copper c) Aluminum d) Plastic

8. What does Divisibility mean?

a) Easy to carry b) Long lasting c) Split into smaller portions d) Accepted by everyone

9. Who issues paper currency in India?

a) SBI b) Ministry of Finance c) RBI d) PM Office

10. Why did money replace barter?

a) Money is colorful b) Barter was too fast c) To overcome barter difficulties d) Kings hated trading