Question

Read the following passage and answer the questions that follow.
1. What is trade and how did it begin? Today you see large shops and it is so easy to go inside them and buy what you want. But do you ever think where the things you buy come from? You may buy a woolen shirt in a shop in your city. It may have come all the way from Kashmir and the wool may have grown on the backs hop ship in the mountains of Kashmir or Ladakh. A Watch that you to buy may have come in ships and railway trains all the way from Japan. So also, you may buy things made in America or China or Paris or London. Great ships are always carrying the goods of one country to another. But it was not always so.
2. In the early days when man settled down¹, there was very little trade, everything that a man wanted, he had to grow himself or make himself. Sometimes it must have happened that one tribe² had a great deal³ of one thing and another a great deal of something else. It was natural for them to exchange goods. For instance, one tribe might gift a cow for a bag of grain. There was no money in those days. Things could only be exchanged. So exchange began. It must have been rather inconvenient. To get a bag of grain, or something like it, one had to carry a cow or may be couple of sheep !

3. When gold and silver were found people started using them for trade. It was easier to carry them. And gradually⁵, the custom⁶ arose of paying for things in gold and silver. The first person who thought of this must have been a very clever person. The use of gold and silver made trade very much easier. Even then, there were no coins as we have them now. Gold used to be weighed in a balance and then given to another person. Much later came coins and this made trade and exchange still simpler. No weighing was required then as everybody knew the value of a coin. Now money (in many different forms) is used all over the world.
QUESTIONS : 1) In the early days, men exchanged...
Goods for money
Goods for Gold
Goods for silver
goods for goods

2. The use of gold and silver made trade easier because...
they were found easily
they were found in large quantities
they were easy to carry
they were not very costly

3. Before the use of coins, goods were exchanged for..
Gold
Silver
Gold and Silver
Niether Gold nor Silver

4. We don't have to weigh coins because...
they are not very heavy
everybody knows their value
They are not made of gold
they are not made of silver

5. Nowadays, we pay for goods with...
Gold
Silver
Coins
Money​

Answer 1

Answer:

1. good for goods
2. they were easy to carry
3. gold and silver
4. every known their value
5. money

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