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SAI INTERNATIONAL SCHOOL, BHUBANESWAR.
Class X: SOCIAL STUDIES – ECONOMICS

CHAPTER - 3- MONEY AND CREDIT (PAGE NO. 40-41)
HOME ASSIGNMENT

MCQ

SR. QUESTION MARKS PG
NO. NO.
1. Q. In modern world __________ act as a medium of exchange 1 40
in transactions.
2. Q. Unlike the things that were used as money earlier, _______ 1 40
currency is not made of precious metal such as gold, silver and
copper.
3. Q. In India who issue currency notes on behalf of government 1 40
of India?
(A) State Bank of India
(B) Central Bank of India
(C) Reserve Bank of India
(D) United Bank of India
4. Read and rewrite the sentence. 1 40
The government of India ordered the use of rupee as a
medium of payment that cannot be refused in settling
transactions in India.

5. Fill in the blanks of the following table with suitable information: 1
Information on Indian Rupees
Body About Indian Rupees
Rupee Authorized by
Rupee issued by
Ans. Government of India
Reserve Bank of India
6. Read and rewrite the sentence. 1 40
Workers who receive their salaries at the end of each month
have extra cash at the beginning of the month. They deposit it
with the money lender by opening a personal account in their
name.
7. Read and rewrite the sentence. 1 41
Demand deposit shares the essential features of money. The
facility of deposit against demand deposits makes it possible to
directly settle payments without the use of kind.