CBSE Class 7 Social Science From Barter to Money (Class 7 NCERT New) Quiz 4

1. Look at the scene of the farmer needing shoes, a sweater, and medicine but owning only an ox. Which problem best explains why trading the ox directly for all three items is unlikely?

A Lack of double coincidence of wants B Extra harvest during rainy season C Too many shops in the village market D Taxes charged by city officials

2. A farmer exchanges his ox for several bags of wheat and must carry wheat to different sellers to get shoes and a sweater. Which limitation of barter makes this plan risky to organize fairly?

A Neighbors refusing to share barns B Government price controls for goods C Seasonal changes in crop quality D No common standard measure of value

3. Which statement best explains why money replaced barter in many societies?

A Money solved problems of matching wants B Barter used coins instead of goods C Barter always made people richer quickly D Money was invented only for kings

4. In a barter system, what would a farmer most likely do to get tools?

A Scan a QR code on the tool B Exchange grain for the tools C Use a debit card from the bank D Pay with paper currency bills

5. Which pair shows the correct order of common forms of money over time?

A Paper notes then shells then UPI B Coins then barter then paper notes C Shells then coins then paper notes D UPI then shells then coins

6. Which method is an example of digital money?

A UPI transfer through a phone B Paper notes from an ATM C Gold coins carried in pouches D Cowrie shells used at markets

7. What is the main advantage of digital payment methods like debit cards and UPI?

A They require exact change always B They directly transfer between accounts C They only work without internet D They make coins more valuable

8. Which statement would best help you plan an interview to compare payment preferences in your neighborhood?

A Ask which color notes they like B Ask who prints the cash notes C Ask what time they open the shop D Ask if they prefer cash or UPI and why

9. Before money existed, farmers, potters and weavers traded goods directly with each other. What was this system called?

A The banking system B The taxation system C The barter system D The currency system

10. Arjun had an extra pencil. Zara had a sharpener she didn't need. Arjun needed a sharpener and Zara needed a pencil. They swapped and both walked away happy. What economic concept does this perfectly show?

A Store of value B Double coincidence of wants C Medium of exchange D Standard of deferred payment