By solving Class 7 SST MCQ and Class 7 Social Science Chapter 11 From Barter to Money MCQs Online Test regularly, students improve time management.
Class 7 From Barter to Money MCQ with Answers
From Barter to Money MCQ Class 7
Class 7 SST Chapter 11 From Barter to Money MCQ with Answers
Question 1.
What was one major limitation of barter?
(a) Double coincidence of wants
(b) Problem of divisibility
(c) Problem of portability
(d) All of these
Answer:
(d) All of these
Question 2.
The earliest form of transaction or exchange was-
(a) Barter system
(b) Coin exchange system
(c) Currency note exchange system
(d) Payment via UPI
Answer:
(a) Barter system
Question 3.
What is the problem of ‘portability’ in the context of exchange?
(a) Problem of divisibility
(b) Common standard measure of value
(c) Problem of portability
(d) Problem of durability
Answer:
(d) Problem of durability
Question 4.
Trait of an object or material that indicates its longevity and ability to withstand damage is called-
(a) Divisibility
(b) Durability
(c) Portability
(d) Common standard measure of value
Answer:
(b) Durability
Question 5.
An interesting way to read new books without spending any money is through-
(a) Barter
(b) Book exchange
(c) Clothing exchange
(d) Digital exchange
Answer:
(b) Book exchange
Question 6.
The earliest forms of money are-
(a) Paper Money
(b) Digital Money
(c) Coin
(d) UPI
Answer:
(c) Coin
Question 7.
In which country was paper currency used for the first time?
(a) America
(b) Britain
(c) China
(d) France
Answer:
(c) China
Question 8.
Paper currency was introduced in India-
(a) Late 17th century
(b) Late 18th century
(c) In 19th century
(d) In 20th century
Answer:
(b) Late 18th century
Question 9.
The tangible forms of currency are-
(a) Coins and paper notes
(b) Debit card
(c) Credit card
(d) QR code
Answer:
(a) Coins and paper notes
Question 10.
In ancient times, coins were issued by-
(a) Ruler
(b) Trader
(c) Banks
(d) Priest
Answer:
(a) Ruler
Question 11.
The currency in India is issued by-
(a) Reserve Bank of India
(b) State Bank of India
(c) Government of India
(d) State Governments
Answer:
(a) Reserve Bank of India
From Barter to Money Class 7 Fill in the blanks
1. Tevau used as money on the ………………… Islands.
Answer:
Solomon
2. ……………………. acts as a store of value that can be used later.
Answer:
Money
3. Money also serves as a common …………………… .
Answer:
denomination
4. In some parts of India, the barter system is still exist today One of them is the ……………….. .
Answer:
Junbeel Mela
5. The use of ………………… helped boost India’s maritime trade with the world.
Answer:
Coinage
From Barter to Money Class 7 True or False
1. Junbeel Mela begins with the Agni Puja.
Answer:
True
2. The coins we currently use are made of gold and silver.
Answer:
False
3. Exchange of old clothes for new utensils is common example of barter system.
Answer:
True
4. Paper money was first used in India.
Answer:
False
From Barter to Money Class 7 Match the following
Question 1.
| List I | List II |
| (i) Barter system | (a) Socio-cultural fair of Assam |
| (ii) Junbeel Mela | (b) Cowrie, shells, salt |
| (iii) Digital money | (c) Gold, silver, and alloys |
| (iv) Ancient coins | (d) Varaha image |
| (v) Coins of the Chalukyas | (e) Debit card/Credit card |
Answer:
| List I | List II |
| (i) Barter system | (b) Cowrie, shells, salt |
| (ii) Junbeel Mela | (a) Socio-cultural fair of Assam |
| (iii) Digital money | (e) Debit card/Credit card |
| (iv) Ancient coins | (c) Gold, silver, and alloys |
| (v) Coins of the Chalukyas | (d) Varaha image |
Question 2.
| List I | List II |
| (i) Tangible forms of money | (a) Digital money |
| (ii) Intangible forms | (b) QR Code of money |
| (iii) Collection of black white squares | (c) Symbols punched on and ancient coins |
| (iv) Rupas | (d) Yap Island |
| (v) Stone Money | (e) Coins, Paper money |
Answer:
| List I | List II |
| (i) Tangible forms of money | (e) Coins, Paper money |
| (ii) Intangible forms | (a) Digital money |
| (iii) Collection of black white squares | (b) QR Code of money |
| (iv) Rupas | (c) Symbols punched on and ancient coins |
| (v) Stone Money | (d) Yap Island |
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