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Question (21)

QN0024322

A trader has ₹2,000. He buys goods worth ₹675 and later purchases stationery worth ₹325. How much money is left?

(A) ₹900
(B) ₹950
(C) ₹1,000
(D) ₹1,050

Correct Answer: C

Explanation:

Total spent = ₹1,000. Remaining = ₹1,000.

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Question (22)

QN0024323

Which function of money is illustrated when a person deposits money today to use it after one year?

(A) Medium of exchange
(B) Store of value
(C) Divisibility
(D) Portability

Correct Answer: B

Explanation:

Money can be saved for future use.

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Question (23)

QN0024324

Which situation best demonstrates portability as an advantage of money?

(A) Carrying ₹5,000 in a wallet instead of five bags of grain
(B) Dividing a chocolate into pieces
(C) Comparing prices of vegetables
(D) Borrowing money from a bank

Correct Answer: A

Explanation:

Money is easy to carry from one place to another.

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Question (24)

QN0024325

A farmer exchanges vegetables directly for clothes every week. One day the tailor no longer wants vegetables. What is the most likely result?

(A) Exchange continues without any problem.
(B) The barter exchange becomes difficult.
(C) The value of vegetables increases automatically.
(D) The tailor must accept vegetables.

Correct Answer: B

Explanation:

The barter system depends on both parties wanting each other's goods.

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Question (25)

QN0024326

Which of the following is the best example of money acting as a common measure of value?

(A) Comparing the prices of a bicycle and a school bag in rupees
(B) Exchanging rice for wheat
(C) Carrying coins in a pocket
(D) Saving old clothes

Correct Answer: A

Explanation:

Money allows the value of different goods to be compared using the same unit.

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Question (26)

QN0024327

A fruit seller receives ₹800 in one day. He spends ₹320 on fresh fruits and ₹180 on transport. How much money remains?

(A) ₹280
(B) ₹300
(C) ₹320
(D) ₹350

Correct Answer: B

Explanation:

Total expenditure = ₹500. Remaining = ₹300.

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Question (27)

QN0024328

Which statement correctly explains why money replaced the barter system?

(A) Money eliminated the need to produce goods.
(B) Money solved many practical difficulties of barter.
(C) Money reduced the number of buyers.
(D) Money made all goods equally valuable.

Correct Answer: B

Explanation:

Money overcame problems such as double coincidence of wants, portability, durability, and lack of a common measure of value.

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Question (28)

QN0024329

A student has ₹250. She buys a notebook for ₹65, pens for ₹48, and a geometry box for ₹72. How much money is left?

(A) ₹60
(B) ₹65
(C) ₹70
(D) ₹75

Correct Answer: B

Explanation:

Total spent = ₹185. Remaining = ₹65.

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Question (29)

QN0024330

Which of the following situations cannot be solved efficiently through barter but can be solved easily using money?

(A) Buying half a kilogram of sugar
(B) Comparing the prices of two notebooks
(C) Paying for medicines after selling vegetables
(D) All of the above

Correct Answer: D

Explanation:

Money solves problems of divisibility, comparison of value, and easy exchange.

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Question (30)

QN0024331

A person owns one buffalo worth ₹60,000 but needs medicines worth ₹600 urgently. Which limitation of the barter system is mainly highlighted?

(A) Portability
(B) Divisibility
(C) Durability
(D) Store of value

Correct Answer: B

Explanation:

The buffalo cannot be conveniently divided to match the small value of the medicines.

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Question (21)

A trader has ₹2,000. He buys goods worth ₹675 and later purchases stationery worth ₹325. How much money is left?

Explanation:

Link:

Question (22)

Which function of money is illustrated when a person deposits money today to use it after one year?

Explanation:

Link:

Question (23)

Which situation best demonstrates portability as an advantage of money?

Explanation:

Link:

Question (24)

A farmer exchanges vegetables directly for clothes every week. One day the tailor no longer wants vegetables. What is the most likely result?

Explanation:

Link:

Question (25)

Which of the following is the best example of money acting as a common measure of value?

Explanation:

Link:

Question (26)

A fruit seller receives ₹800 in one day. He spends ₹320 on fresh fruits and ₹180 on transport. How much money remains?

Explanation:

Link:

Question (27)

Which statement correctly explains why money replaced the barter system?

Explanation:

Link:

Question (28)

A student has ₹250. She buys a notebook for ₹65, pens for ₹48, and a geometry box for ₹72. How much money is left?

Explanation:

Link:

Question (29)

Which of the following situations cannot be solved efficiently through barter but can be solved easily using money?

Explanation:

Link:

Question (30)

A person owns one buffalo worth ₹60,000 but needs medicines worth ₹600 urgently. Which limitation of the barter system is mainly highlighted?

Explanation:

Link:

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