8Class - Social - Money and Banking Test 1
Authored by Nomula Srinivas
Social Studies
8th Grade
Used 191+ times
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21 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The system of exchanging goods directly against other goods without the use of money is called
Bargain system
Cash system
Barter system
Monetary system
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The washerman barbers neeti kavaikaru were paid in ________ for their work in villages in earlier days
Money
Food grains
Gift
All
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of the following statements are correct about money
It is a medium of exchange
It is acceptable to all
It acts as a measure of value of the goods and services
All
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
In the Roman period ________ a gold coin was the standerd currency
Pound
Desant
Shilling
Pana
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The advantage of using money is
It is durable
It doesnot require much space to keep
IT is potable
All
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
In the Mauryan period __________ a silver coin was standard currency
Pana
Desant
Shilling
Pound
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Why were metals preferred for use as money
They were durable
They could be devided into parts and be carried around
They were Scarce
All
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