ECO - Money, Saving and Investments English Medium Free Online Test 1 Mark Questions 2020-2021

8th Standard

    Reg.No. :
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Social Science

Time : 00:10:00 Hrs
Total Marks : 10

    Part A

    10 x 1 = 10
  1. Which metals were used for metallic money?

    (a)

    gold

    (b)

    silver

    (c)

    bronze

    (d)

    all the above

  2. Who introduced the paper money?

    (a)

    British

    (b)

    Turkish

    (c)

    The Mugual Empire

    (d)

    Mauryas

  3. The value of money is

    (a)

    Internal value of money

    (b)

    External value of money

    (c)

    Both a & b

    (d)

    None of these

  4. Which is the Bank Money?

    (a)

    Cheque

    (b)

    Draft

    (c)

    Credit and Debit cards

    (d)

    All the above

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

    (a)

    Stock

    (b)

    bonds

    (c)

    Mutual fund

    (d)

    Pay tax

  6. 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

  7. ________ coin is known as rupiya.

    (a)

    gold

    (b)

    silver

    (c)

    copper

    (d)

    bronze

  8. The receipt of Goldsmiths became _________ 

    (a)

    credit money

    (b)

    plastic money

    (c)

    paper money

    (d)

    none of these

  9. _________ 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

  10. "Money is what money does" defined by 

    (a)

    Scitovsky

    (b)

    Sir John hicks

    (c)

    Walker

    (d)

    Robertson

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