Question

During the early periods of civilization societies engaged in what was called as: *

Monetary system

Traditional system

Barter system

None of the above

As a result of this search for better ways to improve their economic lot in life, a major following evolution occurred which is called: *

Exchange system.

Monetary system.

specialization

Transfer system.

Which currency is mostly acceptable worldwide? *

Rupees

Canadian Dollor

British pound

US Dollor

Which of the following is called as major consequence of specialization?

Surplus production

Development of money

Barter system

Trade

Which of the followings is called basic need of the human beings?: a) Money b) Shelter c) Technology d) all of the above

only a)

only b)

only c)

Both c) & d)

only d)

Specialization means people become more: *

a Hardworking

b Intelligent

c Skilled

d All of the above

In our early history, the degree of division of labor was: *

a Unlimited

b Not found

c Limited

d None of the above

8. out of the followings which is not correct for metals: a) Introduced in 5000 BC b) available in different forms & shapes c) readily available d) could not recycled

Both a) & b)

only a)

only b)

Both b) & c)

only d)

Which one of the difficulties in using commodities as money. a) Measuring b) Conversion c) Hard to carry d) all of the above

only a)

only b)

Both a) & b)

only c)

all of the above

Rearrange the followings according to their existence: i) Bank Notes ii) Barter system iii) Coins iv) Paper money. *

i,ii,iii,iv

iv,iii,ii,i

ii,iii,iv,i

iii,ii,iv,i

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Answer 1

Answer:

answer is i okkk:man !!