Evolution of Money

In barter system, money was used to buy things._________

• True

• False

It was difficult to exchange big commodities under barter system

• True

• False

People used to exchange different goods or services in barter system.

• True

• False

The barter system works on double coincidence principle.

• True

• False

The main disadvantage of the barter system was not being able to________

• store goods that are perishable

• find goods and services one neede

_______________ issues coins and notes on behalf of the government of India.

• RBI

• SBI

I am going to Japan. Which currency will I be using there.

• Yen

• Rupee

What were coins first made of?

• Copper and gold

• Silver, copper and gold

By whom was the Rupee issued in the period between 1770-1832?

• Bank of Hindustan

• Bank of Bharat

Who introduced a silver coin termed as the 'Rupiya'?

• Shahjahan

• Sher Shah Suri