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Q1. The barter system is best defined as
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Q2. On, the chapter illustrates the barter system through an example in which
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Q3. Which of the following items is NOT as a commodity used in the barter system?
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Q4. The giant discs of rock called 'Rai stones' were used as money on
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Q5. In the farmer's story the farmer wants three things — a pair of new shoes, a sweater, and medicines for his grandmother. The only thing he has to spare is
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Q6. When two people each have something the other wants and can exchange them directly, the situation is called
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Q7. On, the chapter says you cannot exchange only a part of the ox for a sweater. This points to the problem of
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Q8. The farmer cannot store wheat for long because it would rot or be eaten by rats. According to, this gives rise to the problem of
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Q9. The Junbeel Mela is a three-day annual socio-cultural fair held in which Indian state and district?
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Q10. The Junbeel Mela began in the 15th century when the chiefs of which four tribal communities of Assam and Meghalaya gathered every year?
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Q11. If the farmer uses money instead of wheat, he can keep it for a longer time and use it for purchases later. Money therefore acts as a
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Q12. Ravi wants a book worth ₹100 but has only ₹50 today. The shopkeeper agrees to let him pay the rest later. According to, the fact that money is accepted as a way of making such later payments makes money a
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Q13. The early Indian coins made of gold, silver and copper or their alloys were called
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Q14. Gold coins bearing the heads of Roman kings were excavated in
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Q15. The central authority in India that controls the issue of currency is the
