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Barter System

Which of the ...

Question

Which of the following case is an example of a barter system?

A

Chetan took Pranay's pen without asking him.

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B

Manish bought five notebooks for a poor boy, and the poor boy gave ten rupees to Manish as a gesture of thanks.

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C

Venkatesh happily gifted a newly made leather shoes in exchange for a nylon bag.

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D

Gopalan felt very happy to give new clothes to the poor.

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Solution

The correct option is C Venkatesh happily gifted a newly made leather shoes in exchange for a nylon bag.

In a barter system, there shall not be any exchange of money. Only goods are exchanged. People should be willing enough to exhange any goods. Also the exhange should be mutual.

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