8Class - Social - Money and Banking Test 1

The system of exchanging goods directly against other goods without the use of money is called

• Bargain system
• Cash system
• Barter system
• Monetary system

The washerman barbers neeti kavaikaru were paid in ________ for their work in villages in earlier days

• Money
• Food grains
• Gift
• All

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

In the Roman period ________ a gold coin was the standerd currency

• Pound
• Desant
• Shilling
• Pana

The advantage of using money is

• It is durable
• It doesnot require much space to keep
• IT is potable
• All

In the Mauryan period __________ a silver coin was standard currency

• Pana
• Desant
• Shilling
• Pound

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

Jagatheths

• Madras
• Bengal
• Patna
• Surat

Shahs

• Madras
• Bengal
• Patna
• Surat

Arunji Nathji

• Madras
• Bengal
• Patna
• Surat