1. . Direct exchange of goods against goods is called
(A) Charter
(B) Money
(C) Barter
(D) None
2. . It exists in barter system:
(A) Happiness
(B) Interest
(C) Difficulty
(D) All
3. . Difficulties of barter system were removed by
(A) Govt.
(B) Bank
(C) Money
(D) All
4. . In barter system there was problem of
(A) Storage
(B) Division
(C) a & b
(D) None
5. . It is used to measure national income.
(A) Money
(B) Barter
(C) Metals
(D) Coins
6. . Every country tries to maintain foreign exchange reserves.
(A) Constant
(B) Maximum
(C) Minimum
(D) b & c
7. . Money made economic activities
(A) Vast
(B) Speedy
(C) a & b
(D) None
8. . Before invention of money, needs were met with exchange of
(A) Slaves
(B) Animals
(C) Gold
(D) All
9. . It has made the tax collection easy for Govt.
(A) Money
(B) Barter
(C) Gold
(D) Wealth