Question Paper
Class / Subject: Class 7 (CBSE) · Social Science
Chapter: Chapter 11 — Chapter 11: From Barter to Money
Time Allowed: 32 minutes
Max Marks: 16
1. What is the barter system? [1]
(A) Trading goods directly without money
(B) Using money for all trade
(C) Only online trade
(D) No trade at all
2. What problem did barter have? [1]
(A) Double coincidence of wants
(B) No problems at all
(C) Too much money
(D) Too little trade
3. What does 'double coincidence of wants' mean? [1]
(A) Both people must want what the other offers
(B) Only one person needs to want something
(C) Money must be used
(D) Nothing specific
4. Why was trading unequal-value items hard in barter? [1]
(A) Some items, like a cow, couldn't be easily divided
(B) All items were equal in value
(C) There was no problem
(D) Barter didn't allow big trades
5. What did barter's problems lead to? [1]
(A) The development of money
(B) More barter trade
(C) No changes
(D) Less trade overall
6. What did money provide that barter lacked? [1]
(A) A common medium of exchange
(B) Nothing new
(C) More problems
(D) Less trade
7. What is an example of a barter trade? [1]
(A) Grain for cloth
(B) Buying with a credit card
(C) Using a bank
(D) Using coins
8. Why study the barter system? [1]
(A) It shows how trade and money evolved
(B) No reason
(C) Only for tests
(D) It's not useful
9. What is commodity money? [1]
(A) Valuable items used as money, like cattle or shells
(B) Only paper money
(C) Only digital money
(D) Nothing
10. Why did metal coins become popular? [1]
(A) They were durable and easy to carry
(B) They were heavy and impractical
(C) No reason
(D) They couldn't be divided
11. What did paper currency originally represent? [1]
(A) A promise to pay gold or silver
(B) Nothing of value
(C) Only decoration
(D) A type of coin
12. What is the latest stage of money's evolution? [1]
(A) Digital money
(B) Commodity money
(C) Metal coins
(D) Barter
13. What does digital money include? [1]
(A) Online banking and mobile payments
(B) Only coins
(C) Only barter
(D) Only paper money
14. Why did money's evolution matter? [1]
(A) It made trade increasingly efficient
(B) It made trade harder
(C) No reason
(D) It stopped all trade
15. What metals were commonly used for coins? [1]
(A) Gold, silver and copper
(B) Only plastic
(C) Only paper
(D) Only wood
16. What advantage did paper currency have over coins? [1]
(A) It was lighter and easier to carry
(B) It was heavier
(C) It had no advantage
(D) It couldn't be used for trade