Default Title

Question (11)

QN0024352

Which conclusion is best supported by the discovery of Roman coins in Kerala and Tamil Nadu?

(A) India had no overseas trade.
(B) Maritime trade helped connect India with other regions.
(C) Coins were used only in temples.
(D) Paper currency existed before coins.

Correct Answer: B

Explanation:

Roman coins are evidence of India's overseas trade connections.

Link:

Report Error

Question (12)

QN0024353

If 1 anna was equal to 1/16 of a rupee, how many annas were equal to 3 rupees?

(A) 16
(B) 32
(C) 48
(D) 64

Correct Answer: C

Explanation:

1 rupee = 16 annas. Therefore, 3 × 16 = 48 annas.

Link:

Report Error

Question (13)

QN0024354

A person has 64 annas. According to the old currency system, this is equal to:

(A) 2 rupees
(B) 3 rupees
(C) 4 rupees
(D) 5 rupees

Correct Answer: C

Explanation:

64 ÷ 16 = 4 rupees.

Link:

Report Error

Question (14)

QN0024355

Which feature of the Indian ₹ symbol represents both the national flag and the "equal to" sign?

(A) The curved bottom
(B) The circular shape
(C) The two parallel horizontal lines
(D) The vertical line

Correct Answer: C

Explanation:

The two horizontal lines symbolize the national flag and the equality sign.

Link:

Report Error

Question (15)

QN0024356

Which of the following correctly shows the historical progression of money?

(A) Paper money → Barter → Coins → Digital money
(B) Coins → Barter → Paper money → UPI
(C) Barter → Metal coins → Paper currency → Digital money
(D) Digital money → Coins → Paper money → Barter

Correct Answer: C

Explanation:

Money evolved from barter to metal coins, then paper currency, and finally digital forms of payment.

Link:

Report Error

Question (16)

QN0024357

Which was the main reason for the introduction of paper money?

(A) Coins were made only of gold.
(B) Carrying and storing a large number of coins became difficult.
(C) People stopped using coins completely.
(D) Paper was more valuable than metal.

Correct Answer: B

Explanation:

Paper money was introduced because carrying and storing many coins was inconvenient.

Link:

Report Error

Question (17)

QN0024358

Paper currency was first used in:

(A) India
(B) China
(C) Egypt
(D) Rome

Correct Answer: B

Explanation:

China was the first country to use paper money.

Link:

Report Error

Question (18)

QN0024359

Paper currency was introduced in India during the:

(A) 10th century
(B) 15th century
(C) Late 18th century
(D) 21st century

Correct Answer: C

Explanation:

Paper currency was introduced in India in the late 18th century.

Link:

Report Error

Question (19)

QN0024360

Which institution is the only legal authority to issue paper currency in India today?

(A) Ministry of Finance
(B) State Bank of India
(C) Reserve Bank of India
(D) NITI Aayog

Correct Answer: C

Explanation:

Only the RBI is legally authorised to issue paper currency.

Link:

Report Error

Question (20)

QN0024361

Which statement correctly defines currency?

(A) Goods exchanged without money
(B) The system of money used in a particular country
(C) Precious metals used for trade
(D) A collection of old coins

Correct Answer: B

Explanation:

Currency refers to the system of money used in a country.

Link:

Report Error

Question (11)

Which conclusion is best supported by the discovery of Roman coins in Kerala and Tamil Nadu?

Explanation:

Link:

Question (12)

If 1 anna was equal to 1/16 of a rupee, how many annas were equal to 3 rupees?

Explanation:

Link:

Question (13)

A person has 64 annas. According to the old currency system, this is equal to:

Explanation:

Link:

Question (14)

Which feature of the Indian ₹ symbol represents both the national flag and the "equal to" sign?

Explanation:

Link:

Question (15)

Which of the following correctly shows the historical progression of money?

Explanation:

Link:

Question (16)

Which was the main reason for the introduction of paper money?

Explanation:

Link:

Question (17)

Paper currency was first used in:

Explanation:

Link:

Question (18)

Paper currency was introduced in India during the:

Explanation:

Link:

Question (19)

Which institution is the only legal authority to issue paper currency in India today?

Explanation:

Link:

Question (20)

Which statement correctly defines currency?

Explanation:

Link:

Excel With Tutors

ExcelWithTutors

For Student

For Tutors

Learn

OUR POLICY