Understanding the key concepts of Class 7 Social Science Chapter 11 – From Barter to Money is crucial for exam success. To make your revision easier, we have created chapterwise mcq questions with Answers for class 7 Social Science based on the latest syllabus and exam pattern. It is a part of MCQ Questions for CBSE Class 7 Social Science Series.
These multiple-choice questions will help you assess your knowledge, improve accuracy, and boost confidence for your exams. Whether you are preparing for school tests, online tests or competitive exams, these From Barter to Money MCQs will strengthen your conceptual clarity.
| Chapter | From Barter to Money |
| Book | Exploring Society: India and Beyond |
| Type of Questions | MCQ Questions |
| Nature of Questions | Competency Based Questions |
| Board | CBSE |
| Class | 7 |
| Subject | Social Science |
| Useful for | Class 7 Studying Students |
| Answers provided | Yes |
| Difficulty level | Mentioned |
| Important Link | Class 7 Social Science Chapterwise MCQ Questions |
MCQ Questions on From Barter to Money Class 7 Social Science – Exploring Society
MCQs
Q1. What is the barter system?
(a) Using money for trade
(b) Trading goods/services without using money
(c) Saving money in banks
(d) Exchanging coins only
Show Answer
Answer: (b)
Explanation: The barter system is an old method of exchange where goods or services are traded without the use of money.
Q2. Which of the following is a limitation of the barter system?
(a) Use of digital currency
(b) Paper money
(c) Double coincidence of wants
(d) Fast transactions
Show Answer
Answer: (c)
Explanation: In barter, both parties must want exactly what the other offers — known as double coincidence of wants — which is difficult to find.
Q3. Which material was used as money on Yap Island?
(a) Salt
(b) Cowrie shells
(c) Rai stones (stone discs)
(d) Tea bricks
Show Answer
Answer: (c)
Explanation: Large stone discs called Rai stones were used as currency on Yap Island in Micronesia.
Q4. What problem does the term ‘portability’ refer to in the barter system?
(a) Carrying items for trade
(b) Deciding quality
(c) Measuring length
(d) Writing receipts
Show Answer
Answer: (a)
Explanation: Portability means the ease with which items can be carried. Many barter items like cattle or grain were hard to transport.
Q5. What was a key reason for the development of money?
(a) To pay taxes
(b) To reduce travel
(c) To overcome limitations of barter like divisibility and durability
(d) To store clothes
Show Answer
Answer: (c)
Explanation: Money provided solutions to issues like lack of divisibility, durability, portability, and standard value measure in barter.
Q6. Which tribal event in Assam continues the barter tradition today?
(a) Hornbill Festival
(b) Junbeel Mela
(c) Rath Yatra
(d) Pushkar Fair
Show Answer
Answer: (b)
Explanation: Junbeel Mela in Assam still features bartering of goods among tribal communities as part of the fair.
Q7. What does ‘divisibility’ refer to in the context of money?
(a) Ability to divide people
(b) Ability to break goods into smaller units
(c) Counting errors
(d) Voting
Show Answer
Answer: (b)
Explanation: Divisibility means money or goods can be broken into smaller units for accurate and fair exchange.
Q8. Which of the following coins featured a Varaha (boar) design?
(a) Gupta coins
(b) Mauryan coins
(c) Chalukya coins
(d) Roman coins
Show Answer
Answer: (c)
Explanation: Chalukya coins featured the Varaha (avatar of Vishnu) as part of their design symbolising power and divinity.
Q9. What is meant by the term ‘minting’ in relation to money?
(a) Trading in the market
(b) Designing notes
(c) Producing coins
(d) Selling gold
Show Answer
Answer: (c)
Explanation: Minting is the process of manufacturing coins, traditionally done in special facilities called mints.
Q10. Who is responsible for issuing paper money in India today?
(a) President of India
(b) Ministry of Finance
(c) Reserve Bank of India (RBI)
(d) State Governments
Show Answer
Answer: (c)
Explanation: Only the RBI is authorised to issue currency in India, ensuring uniformity and legal regulation.
Q11. What is a bank’s role in modern monetary systems?
(a) Only selling goods
(b) Providing security guards
(c) Accepting deposits and giving loans
(d) Building homes
Show Answer
Answer: (c)
Explanation: Banks collect deposits and offer loans, playing a central role in money flow in the economy.
Q12. Which type of money has no physical form?
(a) Metal coins
(b) Barter goods
(c) Digital money
(d) Paper currency
Show Answer
Answer: (c)
Explanation: Digital money exists electronically and is used for online transactions without physical form.
Q13. What innovation allows instant online payments in India?
(a) Coin machine
(b) IMPS and UPI systems
(c) Credit cards only
(d) Bank cheques
Show Answer
Answer: (b)
Explanation: India’s Unified Payments Interface (UPI) and IMPS allow instant, seamless digital transactions.
Q14. What does the term ‘legal tender’ mean?
(a) Tender for crops
(b) Money backed by military
(c) Money officially accepted by government
(d) Personal credit
Show Answer
Answer: (c)
Explanation: Legal tender is money that must be accepted for payment by law.
Q15. What is RBI’s role in inflation control?
(a) Setting school syllabus
(b) Regulating currency printing and interest rates
(c) Conducting elections
(d) Issuing licenses
Show Answer
Answer: (b)
Explanation: The RBI controls inflation through monetary policy, regulating money supply and interest rates.
Q16. What is one benefit of digital payments?
(a) Encourages cash hoarding
(b) Reduces financial transparency
(c) Enables fast, recorded, and contactless transactions
(d) Eliminates all frauds
Show Answer
Answer: (c)
Explanation: Digital payments are secure, recorded, and faster, making financial systems more efficient and transparent.
Q17. Which currency note in India includes a chip for security?
(a) ₹1
(b) ₹50
(c) ₹200
(d) None
Show Answer
Answer: (d)
Explanation: No Indian currency note includes a chip. Security features include watermarks and color-shifting ink.
Q18. What role do mobile wallets play in finance?
(a) Store hard cash
(b) Print currency
(c) Facilitate cashless payments via apps
(d) Track gold
Show Answer
Answer: (c)
Explanation: Mobile wallets allow users to store money digitally and make payments without physical cash.
Q19. Which ancient Indian text discusses trade and currency?
(a) Meghaduta
(b) Rigveda
(c) Arthashastra
(d) Manusmriti
Show Answer
Answer: (c)
Explanation: Arthashastra by Chanakya contains detailed information about coins, trade, and economic policies in ancient India.
Q20. What is the value of understanding money and markets for students?
(a) Helps win lotteries
(b) Builds personal finance skills and decision-making
(c) Encourages spending
(d) Reduces study pressure
Show Answer
Answer: (b)
Explanation: Learning about money helps young people make informed decisions and become financially responsible citizens.
We hope the given mcq questions with Answers for From Barter to Money Class 7 helps you in your learning.
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Topics from which mcq questions may be asked
- Barter system
- Origin of money
- Currency and coins
Money evolved from barter to become a symbol of value.
Frequently Asked Questions (FAQs) on From Barter to Money MCQ Questions
Q1: Why should I practice Class 7 Social Science Chapter 11 MCQs?
A1: Practicing MCQs helps in quick revision, improves problem-solving speed, and enhances conceptual understanding of important topics in Class 7 Social Science.
Q2: Are these Class 7 Social Science MCQs based on the latest syllabus?
A2: Yes, all the MCQs are designed as per the latest CBSE syllabus and exam pattern to help students prepare effectively.
Q3: Where can I find more MCQs for Class 7 Social Science?
A3: You can find more chapter-wise MCQs on our website. These are designed to cover important concepts and prepare you for exams.
Q4: Are the answers provided for all MCQs?
A4: Yes, each MCQ is accompanied by the correct answer and explanations to help students understand and learn better.
Q5: How can I improve my performance in Class 7 Social Science MCQs?
A5: To improve your performance, practice regularly, revise key concepts, and take mock tests to assess your knowledge.
Q6: Do these MCQs help in school exams?
A6: Yes, these MCQs are aligned with school exam patterns and help in scoring well by strengthening conceptual clarity.
Q7: Can I download these MCQs for offline practice?
A7: Yes, you can download or print these MCQs for convenient offline practice.
