From Barter to Money Class 7 Worksheet with Answers Social Science Chapter 11

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Class 7 SST Chapter 11 From Barter to Money Worksheet

Class 7 From Barter to Money Worksheet

Worksheet On From Barter to Money Class 7 – From Barter to Money Worksheet Class 7

Multiple Choice Questions (MCQs)

Question 1.
Which of the following is an example of a barter exchange?
(a) Buying a book with money
(b) Exchanging a pencil for an eraser
(c) Paying school fees through net banking
(d) Using a debit card at a shop
Answer:
(b) Exchanging a pencil for an eraser

Question 2.
What is the problem called when two people want what the other has?
(a) Portability
(b) Divisibility
(c) Durability
(d) Double coincidence of wants
Answer:
(d) Double coincidence of wants

Question 3.
A key difficulty in barter is
(a) money shortage
(b) difficulty in transport
(c) lack of a common standard of value
(d) no use of digital payments
Answer:
(c) lack of a common standard of value

Question 4.
Junbeel Mela is held in which Indian state?
(a) Gujarat
(b) Assam
(c) Kerala
(d) Rajasthan
Answer:
(b) Assam

Question 5.
What is the problem when large goods like oxen cannot be easily transported?
(a) Divisibility
(b) Durability
(c) Portability
(d) Fungibility
Answer:
(c) Portability

Question 6.
Why was money invented?
(a) To avoid storage
(b) To make barter more efficient
(c) To solve problems in barter exchange
(d) To increase digital payments
Answer:
(c) To solve problems in barter exchange

Question 7.
The modern ‘₹’ symbol includes elements from
(a) Devanagari and Urdu
(b) Roman and Arabic
(c) Devanagari and Roman
(d) Tamil and English
Answer:
(c) Devanagari and Roman

Question 8.
Identify one of the first countries to use paper currency.
(a) India
(b) China
(c) Egypt
(d) Japan
Answer:
(b) China

Question 9.
What does digital money not require?
(a) Bank account
(b) Internet
(c) Coins
(d) QR Code
Answer:
(c) Coins

Question 10.
Which among the following refers to the Standard of deferred payment?
(a) Exchange on a future date
(b) Paying double the value
(c) Return policy on goods
(d) Barter after one year
Answer:
(a) Exchange on a future date

Fill in the Blanks

Fill in the blanks using the words provided in the box below.

1. The ‘₹’ symbol includes the Devanagari _____________ and the Roman _____________
Answer:
Ra, R

2. _____________ are used in digital transactions.
Answer:
QR Codes

3. The Chalukyas had the image of _____________, an avatar of Vishnu, on their coins.
Answer:
Varaha

4. The Junbeel Mela, where barter is still practiced, begins with an _____________, a traditional fire worship ceremony.
Answer:
Agni Puja

5. In ancient India, coins made from alloys of silver and copper were called _____________ or _____________ panas.
Answer:
Karshapanas

6. The difficulty in storing goods like wheat, which could rot or be eaten by rats, led to the need for a more durable _____________
Answer:
store of value

7. The modem Indian currency notes feature motifs that reflect the country’s _____________ heritage.
Answer:
cultural

True or False

Write ‘T’ for True or ‘F’ for False statements.

1. Cowrie shells were used as a medium of exchange in the barter system.
Answer:
True

2. Paper currency was first introduced in India by the Chinese.
Answer:
False

3. The Reserve Bank of India is responsible for issuing money today.
Answer:
True

4. Barter systems still exist in some parts of India.
Answer:
True

5. Coins were made of plastic in ancient India.
Answer:
False

6. The Junbeel Mela involves money-based trade only.
Answer:
False

7. Divisibility and portability are some challenges of the barter system.
Answer:
True

Match the Columns

Question 1.
Match the problems with their definitions.

Column A	Column B
A. Portability	1. Cannot be split into smaller parts
B. Divisibility	2. Hard to carry from place to place
C. Durability	3. Mutual want in barter
D. Double Coincidence	4. Ability to last long

Answer:

Column A	Column B
A. Portability	2. Hard to carry from place to place
B. Divisibility	1. Cannot be split into smaller parts
C. Durability	4. Ability to last long
D. Double Coincidence	3. Mutual want in barter

Question 2.
Match digital payment methods.

Column A	Column B
A. UPI	1. Unified Payments Interface
B. Debit Card	2. Linked to a bank account
C. QR Code	3. Online account access
D. Net Banking	4. Scanned for payment

Answer:

Column A	Column B
A. UPI	1. Unified Payments Interface
B. Debit Card	2. Linked to a bank account
C. QR Code	4. Scanned for payment
D. Net Banking	3. Online account access

Assertion – Reason

Given below are two statements labelled as Assertion (A) and Reason (R). Read the statements and answer the questions according to the codes given below.
Codes
(a) Both A and R are true, and R is the correct explanation of A
(b) Both A and R are true, but R is not the correct explanation of A
(c) A is true, but R is false
(d) A is false, but R is true

Question 1.
Assertion (A): Portability is a challenge in the barter system.
Reason (R): It isn’t easy to carry large animals like oxen for exchange.
Answer:
(a) Both A and R are true, and R is the correct explanation of A

Question 2.
Assertion (A): Money functions as a store of value.
Reason (R): Goods like wheat and vegetables can be stored for long periods without damage.
Answer:
(c) A is true, but R is false

Question 3.
Assertion (A): Coins made trade easier in ancient times across different regions.
Reason (R): Coins issued by powerful rulers were accepted beyond their kingdoms.
Answer:
(a) Both A and R are true, and R is the correct explanation of A

Question 4.
Assertion (A): Digital money can only be used when internet access is available.
Reason (R): QR code and UPI transactions depend on mobile and data networks.
Answer:
(a) Both A and R are true, and R is the correct explanation of A

Question 5.
Assertion (A): Paper money was first used in India in the 21st century.
Reason (R): ₹ sign was adopted by the Government of India in 2010.
Answer:
(d) A is false, but R is true

Very Short Answer Type Questions

Question 1.
List two commodities used in early barter.
__________________________________________________
__________________________________________________

Question 2.
Name one digital payment method.
__________________________________________________
__________________________________________________

Question 3.
What were the motifs present on ancient Indian coins?
__________________________________________________
__________________________________________________

Question 4.
Ancient coins were made of which material?
__________________________________________________
__________________________________________________

Question 5.
What is the ₹ (rupee) symbol and who designed it?
__________________________________________________
__________________________________________________

Question 6.
Mention the features of modern currency coins.
__________________________________________________
__________________________________________________

Question 7.
What kinds of items are bartered at Junbeel Mela?
__________________________________________________
__________________________________________________

Short Answer Type Questions

Question 1.
State the major problems associated with the barter system.
__________________________________________________
__________________________________________________
__________________________________________________

Question 2.
How does money solve the problems of the barter system?
__________________________________________________
__________________________________________________
__________________________________________________

Question 3.
What is the historical significance of coinage in India?
__________________________________________________
__________________________________________________
__________________________________________________

Question 4.
How does money act as a store of value?
__________________________________________________
__________________________________________________
__________________________________________________

Question 5.
How did paper money evolve, and what is its significance?
__________________________________________________
__________________________________________________
__________________________________________________

Long Answer Type Questions

Question 1.
What is the Junbeel Mela, and how does it reflect the traditional barter system in modern times?
__________________________________________________
__________________________________________________
__________________________________________________
__________________________________________________

Question 2.
Krishnappa, a fruit vendor, uses a QR code to accept payments from his customers. One day, his friend Amit, who runs a small clothing shop, asks Krishnappa how he can start using digital payments. Can you explain how Amit can start using digital payments and what benefits he might gain from doing so?
__________________________________________________
__________________________________________________
__________________________________________________
__________________________________________________

Source-Based Question

Read the source given below and answer the following questions.
Although money has largely replaced traditional barter systems worldwide, some still exist today. One of them is the Junbeel Mela (‘Jim’ means ‘Moon’ in Assamese and ‘Beel’ means ‘Wetland’), a three-day annual socio-cultural fair at Junbeel in Morigaon district of Assam.

(i) What is a barter system?
__________________________________________________
__________________________________________________

(ii) How does bartering take place at the Junbeel Mela?
__________________________________________________
__________________________________________________

(iii) Is the barter system still used today?
__________________________________________________
__________________________________________________

Picture-Based Question

Observe the picture given below and answer the following questions.

(i) Which deity is shown on the Chalukyas of Kalyana coin?
__________________________________________________

(ii) What is depicted on the reverse side of the Chalukya coin, and what does it represent?
__________________________________________________

(iii) What types of symbols and motifs were commonly engraved on ancient Indian coins?
__________________________________________________

Activity

Question 1.
Here’s a list of words related to digital payments. Try to find them in the word search grid below! The words can be placed vertically, horizontally, or diagonally.

• UPI
• QR Code
• Wallet
• Credit Card
• Payment
• Transaction
• Bank

Question 2.
Arrange the steps involved in a digital money transaction, such as the payment made through UPI or other methods, in the correct order.
Steps:

1. The payment is processed and the money is transferred electronically from the customer’s bank account to the vendor’s bank account.
2. The customer opens their payment app on their mobile phone and scans the QR code on the vendor’s card.
3. The customer selects the amount to pay and confirms the payment.
4. The vendor receives a notification of payment, and the money is deposited into their bank account.
5. The customer confirms the payment, and the transaction is complete.

Arrange the steps in the correct order

1. __________________________________________________
2.  __________________________________________________
3. __________________________________________________
4. __________________________________________________
5. __________________________________________________

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