Money and Credit Book Back Questions & Answers
Unit 3 > Social > Class 9 > Samacheer Kalvi - English Medium
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1. Certain metals like _____________ (gold / iron) were used as a medium of exchange in ancient times.
Correct answer: gold
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2. The Head Quarters of the RBI is at _____________ (Chennai / Mumbai).
Correct answer: Mumbai
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3. International trade is carried on in terms of _____________ (US Dollars / Pounds).
Correct answer: US Dollars
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4. The currency of Japan is _____________ (Yen/ Yuan)
Correct answer: Yen
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1. _____________ System can be considered as the first form of trade.
Correct answer: Barter
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2. Money supply is divided into ___________.
Correct answer: four
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3. The first printing press of the RBI was started at _____________.
Correct answer: Nasik
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4. _____________ act as a regulator of the circulation of money
Correct answer: Reserve Bank of India
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5. The thesis about money by B.R. Ambedkar is _____________.
Correct answer: The Problem of the Rupee-Its origin and solution
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1. US Dollar
Correct answer: Universally accepted currency
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2. Currency in circulation
Correct answer: 85%
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3. ATM
Correct answer: Automatic Teller Machine
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4. Salt
Correct answer: Sustitute of money
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5. Riyal
Correct answer: Saudi Arabia
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1. The barter system flourished wherever civilizations thrived. This was the initial form of trade
i) 1 is correct; 2 is wrong
ii) Both 1 and 2 are correct
iii) Both 1 and 2 are wrong
iv) 1 is wrong; 2 is correct
Correct answer: ii) Both 1 and 2 are correct
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2. Most of the international trade transactions are carried out in US dollars. No other country except the US carries out trade in the world.
i) Both the statements are correct.
ii) Both the statements are wrong
iii) 1 is correct; 2 is wrong
iv) 1 is wrong; 2 is correct
Correct answer: iii) 1 is correct; 2 is wrong