Multiple choice questions( MCQ and Quiz) of Chapter 11: From Barter to Money, Class 7 Social Science Geography,
From Barter to Money MCQ, Chapter 11 Class 7 Social Science MCQ, Class 7 From Barter to Money Quiz, NCERT Class 7 Chapter 11 MCQs, Exploring Society India and Beyond MCQ, Class 7 Social Science Economics MCQ, Barter System to Money MCQ Class 7
1. A way of exchanging goods and services without using money is known as
a) Transaction
b) profit
c) Export
d) Barter System
Answer. d) Barter System
People exchanged goods or services for other goods and services. This system is called the barter system.
The barter system was the earliest form of exchange. There is a lot of evidence of it from around the world. People used commodities such as cowrie shells, salt, tea, etc.
2. A piece of business that is done between people, especially an act of buying or selling, is known as.
a) Transaction
b) profit
c) Export
d) Barter System
Answer. a) Transaction
A piece of business that is done between people, especially an act of buying or selling, is known as a transaction. People also use their mobile phones and computers for such transactions.
3. 1 Anna is equal to how many rupees?
a) 1 / 100 of a rupee
b) 1 / 10 of a rupee
c) 1 / 16 of a rupee
d) 16 rupees
Answer. c) 1 / 16 of a rupee
1 Anna was equal to 1 / 16 of a rupee! In 1947, one anna could buy a dozen bananas.
4. In which year, the ₹ sign adopted by the Government of India?
a) 2004
b) 2008
c) 2010
d) 2014
Answer. c) 2010
The ₹ sign was adopted by the Government of India in 2010. It was designed by Udaya Kumar from the Indian Institute of Technology, Bombay (Mumbai). The symbol is a mix of the Devanagari “Ra” and the Roman “R” with two parallel horizontal stripes running at the top representing the national flag, and also the “equal to” sign.
5. Paper money or currency was first used in which country?
a) Britain
b) USA
c) China
d) India
Answer. c) China
Paper money or currency was first used in China and was introduced in India in the late 18th century.
6. We all use QR codes for payment. What is the full form of QR?
a) Quick Rupee
b) Queen Rupee
c) Quick Redirect
d) Quick Response
Answer. d) Quick Response
QR Code: Stands for “quick-response” codes, these are collections of black and white squares, which are readable by devices like smartphones and QR scanners.
7. Which of the following is the only legal source that prints and distributes paper currency in India?
a) Ministry of Finance
b) Ministry of Home Affairs
c) State Bank of India ( SBI)
d) Reserve Bank of India ( RBI)
Answer. d) Reserve Bank of India ( RBI)
The RBI is the only legal source that prints and distributes paper currency in India.
It is not legal for anybody other than the RBI to issue currency.
8. Unified Payments Interface (UPI) was officially launched in India in which year?
a) 2010
b) 2014
c) 2016
d) 2018
Answer. c) 2016
Unified Payments Interface (UPI) was officially launched in India on April 11, 2016, by the National Payments Corporation of India (NPCI).
9. Which dynasty issued a coin showing the Varaha image?
a) Chola
b) Chera
c) Chalukya
d) Gupta
Answer. c) Chalukya
The coins of the Chalukyas featured a Varaha image (an avatar of Vishnu) on one side and a three-tiered parasol on the other.
10. Paper currency first started in India in the year________.
a) 1835
b) 1861
c) 1935
d) 1947
Answer. b) 1861
1. Paper currency was introduced in India in the late 18th century
2. Paper currency officially began in India in 1861 with the Paper Currency Act.
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