CBSE Class 7 Social Science From Barter to Money (Class 7 NCERT New) Quiz 2

1. Which of these is an "intangible" or digital form of money?

A Silver coins B Paper notes C UPI (Unified Payments Interface) D Salt bags

2. What was the value of 1 anna in 1947?

A 1/10th of a rupee B 1/16th of a rupee C 1/100th of a rupee D Equal to one rupee

3. Assertion–Reason Question Assertion (A): It was difficult to carry 1,000 gold coins to buy land in ancient times. Reason (R): Metallic coins faced the problem of portability and safety.

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.

4. Assertion–Reason Question Assertion (A): The Barter system is completely extinct and nowhere to be found today. Reason (R): The Junbeel Mela in Assam still practices the exchange of goods like spices for fish.

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.

5. Rohan has a bag of wheat and wants a bicycle. Seema has a bicycle but wants a cow. They cannot trade directly. What is this situation called?

A Successful Barter B Lack of double coincidence of wants C Digital Transaction D Store of Value

6. The Arthaśhāstra mentions that a fine for failing to help a neighbor was 100 paṇas, while an annual salary was 60 paṇas. What does this tell us?

A Neighbors were very rich. B Helping neighbors was considered a very important human value. C People did not like to work. D 100 paṇas was a very small amount.

7. An image shows a woman scanning a square block of black and white patterns on a fruit seller's cart with her phone. What is this square block called and what is its purpose?

A It is a Barcode used to check the weight of fruits. B It is a QR Code used to transfer money digitally to the seller's bank account. C Women is taking photo of fresh fruit.

8. Observe the description: An image of an ancient silver coin shows a "Tiger" symbol on one side. Which ancient Indian dynasty used the Tiger emblem on its coins?

A The Chalukyas B The Romans C The Cholas D The Aztecs

9. What is the definition of barter?

A Barter is the sale of goods for money. B Barter is a form of currency exchange. C Barter is the donation of goods without expectation of return. D Barter is the exchange of goods or services directly for other goods or services.

10. What was one of the earliest forms of money used in history?

A Commodity money B Digital currency C Gold coins D Paper currency