These Class 7 Social Science Worksheet and Class 7 SST Chapter 11 From Barter to Money Worksheet with Answers are excellent for board exam practice.
Class 7 SST Chapter 11 From Barter to Money Worksheet
Class 7 From Barter to Money Worksheet
Worksheet On From Barter to Money Class 7 – From Barter to Money Worksheet Class 7
Multiple Choice Questions
Question 1.
In which year, UPI (Unified Payments Interface) was launched?
(a) 2000
(b) 2016
(c) 1991
(d) 2020
Question 2.
Which security feature on currency notes helps the visually impaired?
(a) Watermark
(b) Tactile markings
(c) Hologram
(d) Serial number
Question 3.
Among the following which is an example of The Junbeel Mela?
(a) Digital banking
(b) Modern stock exchange
(c) Surviving barter system
(d) Cryptocurrency trade
Question 4.
Which of these was NOT used as a commodity money?
(a) Cowrie shells
(b) Rai stones
(c) Plastic cards
(d) Salt
Question 5.
What symbols or figures were commonly featured on ancient Indian coins?
(a) Movie stars
(b) Rulers and deities
(c) Cartoon characters
(d) Sports symbols
Question 6.
In which year paper money was introduced in India?
(a) 1857
(b) 1861
(c) 1947
(d) 2016
Question 7.
What motifs did the ancient coins NOT carry?
(a) Commodities
(b) Deities
(c) Kings
(d) Kingdom’s symbol
Question 8.
Which of these was not used to mint coins?
(a) Silver
(b) Gold
(c) Iron
(d) Copper
Question 9.
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
Question 10.
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
Assertion and Reason 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) Modern currency have tactile marking.
Reason (R) To help visually impaired 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, but (R) is not the correct explanation of (A).
(c) (A) is true, but (R) is false.
(d) (A) is false, but (R) is true.
Question 2.
Assertion (A) The barter system became inefficient over time.
Reason (R) It was difficult to find someone with same needs that other offer.
Codes:
(a) Both (A) and (R) are true, and R is the correct explanation of (A).
(b) Both (A) and (R) are true, but (R) is not the correct explanation of (A).
(c) (A) is true, but (R) is false.
(d) (A) is false, but (R) is true.
Fill in the Blanks with the Words given in the Box Below
| security, unit, China, QR, barter |
1. Digital payments like UPI demands __________ codes for transactions.
2. The RBI introduced ___________ features to prevent counterfeit currency.
3. The _____________ system involved direct exchange of goods without money.
4. The ___________ of function of money helps compare prices fairly.
5. Paper money was first used in _____________ before reaching India.
State Whether the Following Statements are True or False
1. The barter system required a double coincidence of wants for a successful trade.
2. Ancient Indian coins were made only of copper with no inscriptions on them.
3. Paper money was first introduced in India before USA.
4. UPI (Unified Payments Interface) was launched in India in 2016.
5. The RBI uses tactile markings on currency notes to help visually impaired individuals easily recognise the denominations.
Match the Contents in Column A with those in Column B
| Column A | Column B |
| 1. Tactile marking | A. Perishable |
| 2. Paper money | B. Trade without money |
| 3. Barter system | C. Visually impaired |
| 4. Wheat | D. Durable |
| 5. Money | E. China |
Choose the correct option:
(a) 1-C, 2-A, 3-E, 4-B, 5-D
(b) 1-E, 2-D, 3-A, 4-C, 5-B
(c) 1-D, 2-E, 3-B, 4-C, 5-A
(d) 1-C, 2-E, 3-B, 4-A, 5-D
Very Short Answer Type Questions
Question 1.
Mention some primary limitations of the barter system.
Answer:
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Question 2.
Which nation was first to use currency?
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Question 3.
Which form of currency replaced metal coins?
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Question 4.
List any five metals that were used in minting coins in earlier times.
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Question 5.
Which commodities were used for bartering in ancient times?
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Short Answer Type Questions
Question 1.
What led to the invention of money?
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Question 2.
How have the forms of money evolved over time?
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Question 3.
Explain the term “double coincidence of wants.”
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Question 4.
How did the ancient Indian coins reflect the political status of an empire?
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Long Answer Type Questions
Question 1.
Discuss the significance of digital money in the modern day.
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Question 2.
Elaborate on the problems created by the barter system in daily trade. How do you think the invention of money helped overcome these challenges?
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Question 3.
Break down the evolution of money—from coins to digital payments.
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Case Based Questions
Read the following excerpt and answer the questions that follow:
As you can see from the timeline, coins were among the earliest forms of money. During those times, rulers would issue coins that were used by the citizens of their respective kingdoms for transactions. So different kingdoms would have their own coinage. The minting and issue of coins was controlled entirely by the rulers. Over time, the coins of powerful rulers were accepted across various kingdoms and not just their own. This facilitated trade across geographies.
(a) What was the earliest form of money?
(b) Why the rulers issue coins?
(c) Who controlled the minting of coins?
(d) What kind of coins were widely accepted?
(e) What were the major impacts of the invention of coins?
Answer:
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Skill Based Questions
Question 1.
Discuss the advantages of digital transactions using UPI or net banking. Research the possible risks associated with digital payments. Create a PowerPoint presentation comparing the advantages and risks. Present it in your class and participate in a group discussion.
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Question 2.
Use the internet to research ancient coins. List two types of ancient coins and describe their designs. Why do you think kings in ancient times used ideals and symbols on their coins?
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Competency Based Question
Question 1.
Suppose your village, or a group within your community, is using the barter system. They are facing major difficulties in exchanging larger commodities for smaller ones. Design a 1-minute speech highlighting the benefits of coins over barter to convince them to consider this advancement for more efficient trade.
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Picture Based Questions
Observe the picture given below and answer the questions that follow:
(a) Identify the scene shown in the picture.
(b) What commodities were traded through this system in ancient times?
(c) State two major problems associated with this system of exchange.
(d) List two possible concerns people in this market might have about adopting a new trade system.
(e) Which transaction system emerged and expanded after the decline of this trade system?
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