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Question (31)

QN0024332

Which of the following situations best shows the problem of durability in the barter system?

(A) A trader stores fresh vegetables for six months to use later.
(B) A farmer stores wheat, but it gets damaged by moisture and pests.
(C) A customer pays through a QR code.
(D) A shopkeeper compares the prices of two products.

Correct Answer: B

Explanation:

Perishable goods like wheat may spoil during storage.

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Question (32)

QN0024333

A farmer sells vegetables for ₹2,400. He spends ₹950 on seeds and ₹650 on fertilizers. How much money does he still have?

(A) ₹700
(B) ₹750
(C) ₹800
(D) ₹850

Correct Answer: C

Explanation:

Total expenditure = ₹1,600. Remaining = ₹800.

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Question (33)

QN0024334

Which statement correctly explains why money is considered a store of value?

(A) It can only be used on the day it is earned.
(B) It loses all its value after one purchase.
(C) It can be saved and used for future transactions.
(D) It can be exchanged only for food items.

Correct Answer: C

Explanation:

Money retains value and can be saved for future use.

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Question (34)

QN0024335

A tailor wants milk, while the milk seller wants vegetables. The vegetable seller wants clothes from the tailor. In the barter system, this situation is difficult mainly because:

(A) Goods are too expensive.
(B) Money is unavailable.
(C) Direct exchange requires matching wants.
(D) All goods have the same value.

Correct Answer: C

Explanation:

Barter requires a double coincidence of wants.

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Question (35)

QN0024336

A student has ₹1,000. He buys books for ₹425, a school bag for ₹280, and stationery for ₹135. How much money remains?

(A) ₹140
(B) ₹150
(C) ₹160
(D) ₹170

Correct Answer: C

Explanation:

Total spent = ₹840. Remaining = ₹160.

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Question (36)

QN0024337

Which of the following is the most suitable reason for the invention of money?

(A) To increase the number of goods produced
(B) To remove the practical difficulties of the barter system
(C) To replace all forms of trade
(D) To reduce the population of traders

Correct Answer: B

Explanation:

Money was introduced to overcome the limitations of barter.

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Question (37)

QN0024338

A shopkeeper sells goods worth ₹3,250. During the same day, he purchases new stock worth ₹1,875. How much money is left with him from the sales amount?

(A) ₹1,275
(B) ₹1,325
(C) ₹1,375
(D) ₹1,425

Correct Answer: C

Explanation:

₹3,250 − ₹1,875 = ₹1,375.

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Question (38)

QN0024339

Which of the following is NOT a function of money discussed in the chapter?

(A) Medium of exchange
(B) Store of value
(C) Standard of deferred payment
(D) Increasing production automatically

Correct Answer: D

Explanation:

Money facilitates economic activities but does not automatically increase production.

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Question (39)

QN0024340

A person receives ₹5,000 as salary. He spends ₹1,450 on household expenses, ₹850 on school fees, and saves the remaining amount. What are his savings?

(A) ₹2,600
(B) ₹2,650
(C) ₹2,700
(D) ₹2,750

Correct Answer: C

Explanation:

Total expenditure = ₹2,300. Savings = ₹2,700.

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Question (40)

QN0024341

Which statement best explains why money is accepted by everyone in exchange for goods and services?

(A) It is difficult to carry.
(B) It is accepted as a common medium of exchange.
(C) It can only be used in cities.
(D) It is made only from paper.

Correct Answer: B

Explanation:

Since everyone accepts money as payment, buying and selling become much easier than under the barter system.

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Question (31)

Which of the following situations best shows the problem of durability in the barter system?

Explanation:

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Question (32)

A farmer sells vegetables for ₹2,400. He spends ₹950 on seeds and ₹650 on fertilizers. How much money does he still have?

Explanation:

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Question (33)

Which statement correctly explains why money is considered a store of value?

Explanation:

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Question (34)

A tailor wants milk, while the milk seller wants vegetables. The vegetable seller wants clothes from the tailor. In the barter system, this situation is difficult mainly because:

Explanation:

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Question (35)

A student has ₹1,000. He buys books for ₹425, a school bag for ₹280, and stationery for ₹135. How much money remains?

Explanation:

Link:

Question (36)

Which of the following is the most suitable reason for the invention of money?

Explanation:

Link:

Question (37)

A shopkeeper sells goods worth ₹3,250. During the same day, he purchases new stock worth ₹1,875. How much money is left with him from the sales amount?

Explanation:

Link:

Question (38)

Which of the following is NOT a function of money discussed in the chapter?

Explanation:

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Question (39)

A person receives ₹5,000 as salary. He spends ₹1,450 on household expenses, ₹850 on school fees, and saves the remaining amount. What are his savings?

Explanation:

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Question (40)

Which statement best explains why money is accepted by everyone in exchange for goods and services?

Explanation:

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