Revision of Barter System

Give and take of commodities is known as

• Exchange

• Barter

• Selling

• Marketing

Items produced to satisfy needs and wants

• Services

• Goods

• Commodity

• Product

I have purchased shoes using pounds. Which country am I in?

• Japan

• United States of America

• India

• United Kingdom

The Rupee was issued in the period between 1770-1832 by:

• Bank of India

• British Government

• Bank of Hindustan

• Bank of Bharat

The hindi word “Rupiya” is derived from a Sanskrit word. Tick the right word.

• Rupaya

• Rupia

• Rupya

• Rupay

Which discovery helped in the introduction of money as a medium of exchange?

• Chemicals

• Fire

• Forging techniques

• Metal

What were coins first made of?

• Gold and silver

• Silver and copper

• Copper and gold

• Silver, copper and gold

At present, notes and coins are issued by

• State Bank of India

• Reserve Bank of India

• State Governments

• Bank of India