Class 6 – Basic Economics
Chapter 3: Money and Exchange – MCQs
1. What does exchange mean?
A. Keeping things safely
B. Giving one thing and getting another in return
C. Saving money in a bank
D. Earning salary
2. What is the barter system?
A. Exchange using money
B. Exchange of goods for goods
C. Exchange using banks
D. Exchange using digital payments
3. Which of the following was a problem of the barter system?
A. Easy exchange
B. Fixed value of goods
C. Difficulty in finding the right exchange
D. Use of money
4. What is money?
A. A type of good only
B. Something used to buy goods and services
C. Only coins
D. Only paper notes
5. Which of the following is NOT a form of money?
A. Coins
B. Currency notes
C. Digital payments
D. Vegetables
6. Why is money better than barter?
A. It is heavier
B. It makes exchange easy
C. It cannot be saved
D. It cannot be carried
7. Which activity shows the use of money?
A. Exchanging rice for clothes
B. Borrowing from friends
C. Paying money to buy vegetables
D. Sharing food
8. One main use of money is to:
A. Increase weight of pockets
B. Buy goods and services
C. Replace work
D. Stop exchange
1. B
2. B
3. C
4. B
5. D
6. B
7. C
8. B
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