Old Forms of Money

Q.

Briefly discuss the state of infrastruture at the time of Independence.

Q. Which of the following were used as money in earlier times (a few hundred years ago)?

1. Salt
2. Cattle
3. Paper money
4. Both (a) and (b)

Q. First gold coins were introduced during the reign of ______.

1. Guptas
2. Satvahanas
3. Mauryas

4. Kushanas

Q. Give reasons or explain.
1) Money works as a store of value.
2) Any commodity cannot act as money.
3) Barter System had many difficulties.
4) Money is the basis of credit.

Q. Distinguish between -

Commodity money and metallic money

Q. Distinguish between -

Paper money and metallic coins

Q.

Which of the following was one of the most commonly used metals for coinage?

1. Bronze

2. Tin

3. Gold

4. Carbon

Q. Coins of the early days lacked one key property of money, which led the royalty to start issuing these coins. This property was .

1. divisibility
2. portability
3. uniformity
4. scarcity

Q.

Which of the following were used as money in earlier times (a few hundred years ago)?

1. Salt

2. Cattle

3. Paper money

4. Electronic money

Q.

Coins of the early days lacked one key property of money, which led the royalty to start issuing these coins. Which property was this?

1. Divisibility

2. Portability

3. Uniformity

4. Scarcity

Q. Modern forms of money include ________.

1. paper notes
2. gold coins
3. silver coins
4. copper coins

Q. True or False.
Coins can be made up of pure metals.

Q. Distinguish between Metallic Money and Paper Money.

Q. With the appearance of paper money, the most desired quality of metal coins was .

1. durability
2. aesthetics
3. portability
4. availability

Q. The modern form of currency includes _____.

1. silver coins
2. gold coins
3. gold and paper notes
4. paper notes and coins

Q.

Paper currency in India began with the advent of ___________.

1. Portuguese
2. French
3. British
4. None of the above

Q. The silver coin Pana, was a standard currency during the time of _______.

1. Guptas
2. Mauryas
3. Kanishka
4. Harsha

Q. State with reasons whether you agree or disagree with the following statement.
Good money has many qualities.

Q. Write Short Notes.

1) Commodity money
2) Secondary function of money
3) Qualities of good money

Q. Which of the following were used as money in earlier times (a few hundred years ago)?

1. Salt
2. Cattle
3. Paper money
4. Both (a) and (b)

Q. What are the qualities of Good Money?

Q. Metallic coins are more portable than paper notes.

1. True
2. False

Q.

Which of the following were used as money in earlier times (a few hundred years ago)?

1. Salt

2. Cattle

3. Paper money

4. Electronic money