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Question (11)

QN0024312

A farmer exchanges an ox for many bags of wheat. Later, he exchanges the wheat separately for clothes, medicines, and shoes. Which problem still remains?

(A) Durability of wheat
(B) Digital payment
(C) QR code transaction
(D) Credit card payment

Correct Answer: A

Explanation:

Wheat may spoil if stored for a long time.

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Question (12)

QN0024313

Which of the following would be the greatest advantage of using money instead of wheat while purchasing goods?

(A) Wheat becomes more valuable.
(B) Money is easier to carry and store.
(C) Wheat can be divided more easily.
(D) Money removes the need for transport completely.

Correct Answer: B

Explanation:

Money is portable and durable compared to wheat.

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Question (13)

QN0024314

A person has ₹300. He buys a pen for ₹40 and a notebook for ₹80. How much money remains with him?

(A) ₹160
(B) ₹170
(C) ₹180
(D) ₹190

Correct Answer: C

Explanation:

₹300 − ₹40 − ₹80 = ₹180.

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Question (14)

QN0024315

Suman has ₹500. She spends ₹175 on books and ₹145 on stationery. How much money is left?

(A) ₹170
(B) ₹175
(C) ₹180
(D) ₹185

Correct Answer: C

Explanation:

Total spent = ₹320. Remaining = ₹180.

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Question (15)

QN0024316

A trader has 40 kg of rice. He exchanges 12 kg for vegetables and 15 kg for fruits. How much rice is still left with him?

(A) 11 kg
(B) 12 kg
(C) 13 kg
(D) 14 kg

Correct Answer: C

Explanation:

Rice exchanged = 27 kg. Remaining = 13 kg.

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Question (16)

QN0024317

A carpenter wants a sack of rice. The farmer is willing to give rice only if he receives a chair. The carpenter has a table instead of a chair. Which problem of the barter system is highlighted?

(A) Durability
(B) Double coincidence of wants
(C) Divisibility
(D) Store of value

Correct Answer: B

Explanation:

The farmer's and carpenter's wants do not match directly.

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Question (17)

QN0024318

Which limitation of the barter system makes it difficult to decide how many kilograms of rice should be exchanged for one shirt?

(A) Portability
(B) Durability
(C) Lack of a common standard measure of value
(D) Divisibility

Correct Answer: C

Explanation:

Without a common measure, comparing the value of different goods becomes difficult.

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Question (18)

QN0024319

Which of the following goods is least suitable for long-term storage in a barter system?

(A) Gold
(B) Wheat
(C) Silver
(D) Copper

Correct Answer: B

Explanation:

Wheat can spoil over time, creating the problem of durability.

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Question (19)

QN0024320

Which feature of money directly solves the problem of double coincidence of wants?

(A) It acts as a common medium of exchange.
(B) It increases the quantity of goods.
(C) It reduces production costs.
(D) It makes all goods equal in quality.

Correct Answer: A

Explanation:

Money is accepted by everyone, so people need not find someone with matching wants.

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Question (20)

QN0024321

Mohan earns ₹1,200. He spends ₹350 on groceries, ₹250 on transport, and saves the remaining amount. How much does he save?

(A) ₹500
(B) ₹550
(C) ₹600
(D) ₹650

Correct Answer: C

Explanation:

Total expenditure = ₹600. Savings = ₹600.

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Question (11)

A farmer exchanges an ox for many bags of wheat. Later, he exchanges the wheat separately for clothes, medicines, and shoes. Which problem still remains?

Explanation:

Link:

Question (12)

Which of the following would be the greatest advantage of using money instead of wheat while purchasing goods?

Explanation:

Link:

Question (13)

A person has ₹300. He buys a pen for ₹40 and a notebook for ₹80. How much money remains with him?

Explanation:

Link:

Question (14)

Suman has ₹500. She spends ₹175 on books and ₹145 on stationery. How much money is left?

Explanation:

Link:

Question (15)

A trader has 40 kg of rice. He exchanges 12 kg for vegetables and 15 kg for fruits. How much rice is still left with him?

Explanation:

Link:

Question (16)

A carpenter wants a sack of rice. The farmer is willing to give rice only if he receives a chair. The carpenter has a table instead of a chair. Which problem of the barter system is highlighted?

Explanation:

Link:

Question (17)

Which limitation of the barter system makes it difficult to decide how many kilograms of rice should be exchanged for one shirt?

Explanation:

Link:

Question (18)

Which of the following goods is least suitable for long-term storage in a barter system?

Explanation:

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Question (19)

Which feature of money directly solves the problem of double coincidence of wants?

Explanation:

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Question (20)

Mohan earns ₹1,200. He spends ₹350 on groceries, ₹250 on transport, and saves the remaining amount. How much does he save?

Explanation:

Link:

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