Money, Saving and Investments Model Questions

8th Standard EM

    Reg.No. :
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Social Science

Time : 01:00:00 Hrs
Total Marks : 50
    5 x 1 = 5
  1. Which metals were used for metallic money?

    (a)

    gold

    (b)

    silver

    (c)

    bronze

    (d)

    all the above

  2. Pick out the incorrect one: Investment can be made in different vehicle.

    (a)

    Stock

    (b)

    bonds

    (c)

    Mutual fund

    (d)

    Pay tax

  3. Who is responsible for the collection and publication of monetary and financial information?

    (a)

    Finance commission

    (b)

    Finance Ministry

    (c)

    Reserve Bank of India

    (d)

    Auditor and Comptroller General of India

  4. ________ coin is known as rupiya.

    (a)

    gold

    (b)

    silver

    (c)

    copper

    (d)

    bronze

  5. _________ was the main form of money throughout the major pertain of recorded history.

    (a)

    metallic money 

    (b)

    commodity money

    (c)

    paper money

    (d)

    near money

  6. 5 x 1 = 5
  7. Online Banking is also known as ______.

    ()

    Net banking

  8. The term of bank is derived from ______ word.

    ()

    1 - 'Banco' latin

  9. The Indian banking regulation act of ______ .

    ()

    1949

  10. The final stage in the _____ has been the use of bills of exchange and bonds.

    ()

    evolution of money

  11. ________ refers to the prices are falling, the value of money will rise.

    ()

    Deflation

  12. 5 x 1 = 5
  13. Barter system

  14. (1)

    Tax evaders

  15. E- Money

  16. (2)

    Electronic money

  17. Black money

  18. (3)

    Investment vehicle

  19. Mutual funds 

  20. (4)

    Lokayukta act

  21. Black money

  22. (5)

    exchanged goods for goods

    2 x 1 = 2
  23. Barter system had many deficiency like
    I. Lack of double coincidence of wants
    II. No difficulties of storing wealth
    III. Common measure of value
    IV. Indivisibility of commodities
    a) I and II is correct
    b) I and IV is correct
    c) I, III and IV is correct
    d) All are correct

  24. The banking facilities saving money through various forms of accounts.
    i) Students saving account has more flexible terms such as lower minimum balance requirements.
    ii) The current accounts are also called as Term deposit.
    iii) Fixed deposits are fixed for specified period.
    iv) The current accounts help in frequent banking transactions.
    a) i and ii is correct
    b) i, ii, and iv is correct
    c) i, iii, and iv is correct
    d) ii, iii, and iv is correct

  25. 3 x 2 = 6
  26. Recent forms of money transactions are
    a) Credit card
    b) Barter system
    c) Debit card
    d) Online banking

  27. The name of British coins
    a) The copper coins - cupperoon
    b) The tin coins - tinny 
    c) The bronze coins - Carolina
    d) The silver coins - Angelina

  28. Savings have so many benefits
    a) It leads to fulfill the urgent requirements
    b) Financially Independent sooner
    c) More risk 
    d) More comfortable in retirement.

  29. 3 x 2 = 6
  30. The word Money is derived from?

  31. Which bank gives to both short term and long term loans?

  32. Define Money.

  33. 7 x 3 = 21
  34. What is the Barter System?

  35. Short note on E-Banking and E-Money

  36. What is the Value of Money?

  37. What is Savings and Investment?

  38. What is meant by Black Money?

  39. What is metallic money?

  40. What are the different Investment vehicles?

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