Practicing Class 7 SST MCQ and Class 7 Social Science Chapter 11 From Barter to Money MCQ Questions Online Test with Answers daily helps in time management.
Class 7 From Barter to Money MCQ with Answers
MCQ on From Barter to Money Class 7
Class 7 SST Chapter 11 From Barter to Money MCQ Questions with Answers
Question 1.
What was the main limitation of the barter system?
(a) Use of paper money
(b) Double coincidence of wants
(c) Digital transactions
(d) Government regulations
Answer:
(b) Double coincidence of wants
Question 2.
Which of these was NOT used as commodity money? ‘
(a) Cowrie shells
(b) Rai stones
(c) Plastic cards
(d) Salt
Answer:
(c) Plastic cards
Question 3.
Ancient Indian coins often featured:
(a) Movie stars
(b) Rulers and deities
(c) Cartoon characters
(d) Sports symbols
Answer:
(b) Rulers and deities
Question 4.
The first paper money in India was introduced in:
(a) 1947
(b) 861
(C) 1200 CE
(d) 600 BCE
Answer:
(b) 861
Question 5.
Which function of money allows it to be | saved for future use?
(a) Medium of exchange
(b) Store of value
(c) Measure of value
(d) Standard of deferred payment
Answer:
(b) Store of value
Question 6.
UPI (Unified Payments Interface) was launched in:
(a) 2000
(b) 2016
(c) 1991
(d) 2020
Answer:
(b) 2016
Question 7.
What security feature on currency notes helps the visually impaired?
(a) Watermark
(b) Tactile markings
(c) Hologram
(d) Serial number
Answer:
(b) Tactile markings
Question 8.
The Junbeel Mela is an example of:
(a) Digital banking
(b) Modern stock exchange
(c) Surviving barter system
(d) Cryptocurrency trade
Answer:
(c) Surviving barter system
From Barter to Money Class 7 Assertion-Reason Type Questions
There are two statements marked as Assertion (A) and Reason (R). Mark your answer as per the codes provided below:
Question 1.
Assertion (A): The barter system became inefficient for large-scale trade.
Reason (R): It required a double coincidence of wants for every transaction.
Codes:
(a) Both (A) and (R) are true and (R) is the correct explanation of (A).
(b) Both (A) and (R) are true and (R) is not the correct explanation of (A).
(c) (A) is true but (R) is false.
(d) (A) is false but (R) is true.
Answer:
(a) Both (A) and (R) are true and (R) is the correct explanation of (A).
Explanation: The barter system became inefficient as it was dependent on both parties needs what they offered.
Question 2.
Assertion (A): Ancient Indian coins featured gods and kings.
Reason (R): Rulers used coins for political propaganda.
Codes:
(a) Both (A) and (R) are true and (R) is the correct explanation of (A).
(b) Both (A) and (R) are true and (R) is not the correct explanation of (A).
(c) (A) is true but (R) is false.
(d) (A) is false but (R) is true.
Answer:
(a) Both (A) and (R) are true and (R) is the correct explanation of (A).
Explanation: Featuring Gods and kings on coins, helped rulers connect with people, mark their authority and spread political message.
Question 3.
Assertion (A): Modem currency notes have tactile markings.
Reason (R): To help visually challenged people identify denominations.
Codes:
(a) Both (A) and (R) are true and (R) is the correct explanation of (A).
(b) Both (A) and (R) are true and (R) is not the correct explanation of (A).
(c) (A) is true but (R) is false.
(d) (A) is false but (R) is true.
Answer:
(a) Both (A) and (R) are true and (R) is the correct explanation of (A).
Explanation: Tactile markings help visually impaired people identify the currency easily.
From Barter to Money Class 7 Fill in the blanks
Question 1.
The ………….. system involved direct exchange of goods without money.
Answer:
Barter
Question 2.
Ancient coins were made of metals like silver, copper, and ………..
Answer:
Gold
Question 3.
The ………… side of a coin bears the principal design (e.g., ruler’s face).
Answer:
Obverse
Question 4.
Paper money was first used in ………… before reaching India.
Answer:
China
Question 5.
The RBI introduced ………….. to prevent counterfeit currency.
Answer:
Security features
Question 6.
A ………… is needed in barter for two parties to trade successfully.
Answer:
Double coincidence of wants
Question 7.
The …………. function of money helps compare prices fairly.
Answer:
Measure of value
Question 8.
Digital payments like UPI demands ………….. codes for transactions.
Answer:
QR
From Barter to Money Class 7 True or False
Question 1.
The barter system required a double coincidence of wants for a successful trade.
Answer:
True.
Reason: Barter required both parties to have what the other wanted, making trade difficult without mutual needs.
Question 2.
Ancient Indian coins were made only of iron and had no inscriptions.
Answer:
False
Reason: Ancient Indian coins were made of gold, silver, and copper, often featuring inscriptions of rulers or deities.
Question 3.
Paper money was first introduced in India before China.
Answer:
False
Reason: China introduced paper money first, while India adopted it much later in 1861.
Question 4.
UPI (Unified Payments Interface) was launched in India in 2016.
Answer:
True
Reason: UPI was indeed launched in India in 2016, revolutionizing digital payments.
Question 5.
The RBI uses tactile markings on currency notes to help visually impaired, individuals.
Answer:
True
Reason: RBI includes raised tactile marks on notes to assist the visually impaired in identifying denominations.
From Barter to Money Class 7 Match the following
| Column A | Column B |
| A. Trading system requiring mutual need | (i) 2016 |
| B. Symbols on ancient Indian coins | (ii) China |
| C. Origin country of paper money | (iii) Tactile markings |
| D. The Year India launched UPI | (iv) Varaha and tiger emblems |
| E. Currency feature for visually impaired | (v) Double coincidence of wants |
(a) A-(iii), B-(i), C-(v), D-(iv), E-(ii)
(b) A-(ii), B-(iii), C-(i), D-(v), E-(iv)
(c) A-(v), B-(iv), C-(ii), D-(i), E-(iii)
(d) A-(iv), B-(ii), C-(v), D-(iv), E-(ii)
Answer:
(c) A-(v), B-(iv), C-(ii), D-(i), E-(iii)