Give me MCQs on the following topics: 1.1 Nature and functioning of barter economy, 1.2 The evolution and value of money since ancient period, 1.3 Definition and functions of money... Give me MCQs on the following topics: 1.1 Nature and functioning of barter economy, 1.2 The evolution and value of money since ancient period, 1.3 Definition and functions of money, 1.4 The monetary system - Money and prices, 1.5 Indian coinage and currency system, 1.6 Money as means of wealth creation, 1.7 Overview of modern currency system, 1.8 Concept of black money.
Understand the Problem
The question is asking for multiple-choice questions (MCQs) based on several economic topics including barter economy, the evolution of money, the monetary system, Indian currency, and concepts related to wealth creation and black money.
Answer
The MCQs cover barter economy, functions of money, Indian currency system, and black money.
[{"question":"What is a barter economy?","options":["A system where goods and services are exchanged without money","A system using coins as currency","An economy where digital currency is used","An economy that only trades stocks"],"correct_answer":"A system where goods and services are exchanged without money"},{"question":"What is the primary function of money?","options":["To serve as a medium of exchange","To work as a decorative object","To represent digital values","To act as a loan instrument"],"correct_answer":"To serve as a medium of exchange"},{"question":"Which of the following is NOT a function of money?","options":["Store of value","Medium of exchange","Unit of account","Means of stock trading"],"correct_answer":"Means of stock trading"},{"question":"Who regulates the coinage and currency system in India?","options":["Reserve Bank of India","Ministry of Finance","State Bank of India","Parliament of India"],"correct_answer":"Reserve Bank of India"},{"question":"What is black money?","options":["Money earned through legal means","Money that is unreported and untaxed","Money used only in the agricultural sector","Old currency that is out of circulation"],"correct_answer":"Money that is unreported and untaxed"}]
Answer for screen readers
[{"question":"What is a barter economy?","options":["A system where goods and services are exchanged without money","A system using coins as currency","An economy where digital currency is used","An economy that only trades stocks"],"correct_answer":"A system where goods and services are exchanged without money"},{"question":"What is the primary function of money?","options":["To serve as a medium of exchange","To work as a decorative object","To represent digital values","To act as a loan instrument"],"correct_answer":"To serve as a medium of exchange"},{"question":"Which of the following is NOT a function of money?","options":["Store of value","Medium of exchange","Unit of account","Means of stock trading"],"correct_answer":"Means of stock trading"},{"question":"Who regulates the coinage and currency system in India?","options":["Reserve Bank of India","Ministry of Finance","State Bank of India","Parliament of India"],"correct_answer":"Reserve Bank of India"},{"question":"What is black money?","options":["Money earned through legal means","Money that is unreported and untaxed","Money used only in the agricultural sector","Old currency that is out of circulation"],"correct_answer":"Money that is unreported and untaxed"}]
More Information
The questions cover fundamental aspects of money and its functions, important for understanding economics.
Sources
- The History of Money: Bartering to Banknotes to Bitcoin - Investopedia - investopedia.com
- Monetary and Financial System - IBB - online.ibb.org.bd
- Origin and Evolution of Money - Banco Central do Brasil - bcb.gov.br
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