Question

Read the passage given below and answer any 6 questions that follow:


Tell someone that you are going to a convention of accountants and you might get a few yawns,

yet money and how it works is probably one of the most interesting things on earth.It is

fascinating and almost magical, how money appeared on our planet. Unlike most

developments we enjoy, which can be traced back to a source, civilisation or inventor, money

appeared in places then unconnected all over the world in a remarkably similar way. Consider

the American Indians using Wampum, West Africans trading in decorative metallic objects

called Manillas, and the Fijians economy based on whale's teeth, some of which are still legal

tender; add to that shells, amber, ivory, decorative feathers, cattle including oxen & pigs, a

large number of stones including jade and quartz, which have all been used for trade across the

world, and we get a taste of the variety of accepted currency. There is something charming and

childlike imagining primitive societies, our ancestors, using all these colourful forms of money.

As long as everyone concerned can agree on a value, this is a sensible thing for a community

to do. After all, the person who has what you need might not need what you have to trade.

Money solves that problem neatly. Real value with each exchange, and everyone gaining from

the convenience. The idea is really inspired, which might explain why so many diverse minds

came up with it. Once the money is accepted as a form of exchange, those who produce, loan

out, and manipulate the quantity of money are obviously in a very strong position They are the

"Money Changers".

"History records that the money changers have used every form of abuse, intrigue, deceit, and

violent means possible to maintain their control over governments by controlling money and

its issuance," said President James Madison. Money, money, money, it's always just been there,

right? Wrong. Obviously, it's issued by the government to make it easy for us to exchange

things. Wrong again! Truth is, most people don't realise that the issuing of money is essentially

a private business and that the privilege of issuing money has been a major bone of contention

throughout history.


Answer the following questions :


(i) What is fascinating and almost magical?

(a) Convention of Accountants (b) Evolution of Money

(c) Yawning (d) All of the above


(ii) What is unique about the development of money?

(a) It can be traced back to a source (b) It has an inventor

(c) It appeared in unconnected places in a similar way

(d) It was developed in ancient civilisation


(iii) Which currencies did the West African use?

(a) Manillas (b) Wampum (c) Whale's Teeth (d)Decorative Feathers


(iv) What is still a legal tender in the Fijian Economy?

(a) Cattle (b) Jade and Quartz (c) Shells and Ivory (d) Whale's Teeth


(v) What is something charming and childlike to imagine?

(a) Use of colourful forms of money (b) People living in Primitive Societies

(c) Our ancestors agreeing on common values (d) All of the above


(vi) Who are the "Money Changers"?

(a) People who loan out money

(b) People who manipulate the quantity of money

(c) People who produce money (d) All of the above

(vii) What did President James Madison say about the money changers?

(a) They use violent methods to maintain control over the issuance of money.

(b) They change money from time to time.

(c) They work under the government's control.

(d) They are polite and peaceful people.


(viii) Who controls the issuance of money?

(a) Government (b) Money Changers

(c) President James Madison (d) Kings and their ministers


(ix) What is meant by the word, 'concentration'? (para 1)

(a) conference (b) fair (c) wave (d) competition


(x) What is meant by the word, 'fascinating'? (para 2)

(a) beautiful (b) valuable (c) attractive (d) republic


(xi) What is meant by 'convenience'?

(a) comfort (b) escape (c) clown (d) transport


(xii) What is meant by the word, 'Intrigue'?

(a) plot (b) interest (c) interval (d) fear
.
please help me ​

Answer 1

1 ka b ,2 ka a ,3 ka a , 4 ka d ,5 ka a , 7 ka a , 8 ka b