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SAI INTERNATIONAL SCHOOL, BHUBANESWAR.

Class X: SOCIAL STUDIES – ECONOMICS

CHAPTER – 3 - MONEY AND CREDIT (PAGE NO. 39)
HOME ASSIGNMENT

MCQ

SR. QUESTION MARKS PAGE
NO. NO.
1 Which one of the following statements is most appropriate 1 39
regarding transaction made in money?
i. It is the easiest way
ii. It is the safest way
iii. It is the cheapest way
iv. It promotes trade
2 Which one of the following is an essential feature of barter 1 39
system?
i. It promotes local market.
ii. It spreads social fields of an individual.
iii. It requires double coincidence of wants.
iv. It is an easy way.
3 In which one of the following systems exchange of goods is 1 39
done without use of money?
i. Credit system
ii. Barter system
iii. Banking system
iv. Collateral system
4 Choose the correct matched option from the following: 1 39
Column I Column II
(A) Barter System - Exchange with money
(B) Double coincidence of - When both parties have
Wants to agree to sell and buy
each others commodities.
(C) Money - Exchange of goods

5 Fill in the blank: 1 39
A person holding _________ can easily exchange it for any
commodity or service that he or she might want.