8th Standard Syllabus & Materials
8th Standard
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NEW8th Standard
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NEW8th Standard
Tamilnadu 8th Standard роХрогро┐родроорпН роОрогрпНроХро│рпН Important Questions And Answers Study Material - QB365 Set A
NEW8th Standard
Tamilnadu 8th Standard Social Science рокрпКро░рпБро│ро┐ропро▓рпН - рокрпКродрпБ рооро▒рпНро▒рпБроорпН родройро┐ропро╛ро░рпН родрпБро▒рпИроХро│рпН Important Questions And Answers Study Material - QB365
NEW8th Standard
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NEW8th Standard
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Published on: 06/09/2019
Money, Saving and Investments
Download Tamil Nadu 8th Standard Social Science question papers, model tests, one-mark questions, important questions, and public exam papers in PDF format. Free study materials and answer keys for TN State Board students.
Questions + Answers key
Take MCQ Social Science Test

1.
Pick out the incorrect one: Investment can be made in different vehicle.
Stock
bonds
Mutual fund
Pay tax
2.
Which is the Bank Money?
Cheque
Draft
Credit and Debit cards
All the above
3.
The value of money is
Internal value of money
External value of money
Both a & b
None of these
4.
Who introduced the paper money?
British
Turkish
The Mugual Empire
Mauryas
5.
______ is what money does.
6.
Online Banking is also known as ______.
7.
Short note on E-Banking and E-Money
8.
What is the Barter System?
9.
Which bank gives to both short term and long term loans?
10.
The word Money is derived from?
11.
Effects of black money on economy is
a) Dual economy
b) Undermining equity
c) No effects on production
d) lavish consumption spending
12.
Recent forms of money transactions are
a) Credit card
b) Barter system
c) Debit card
d) Online banking
13.
Write about the evolution of Money?
14.
What are the disadvantages of barter system?
1.
(d)
Pay tax
2.
(a)
Cheque
3.
(c)
Both a & b
4.
(c)
The Mugual Empire
5.
( )
Money
6.
( )
Online banking
7.
E-Banking: Electronic Banking is simply the use of transferring funds directly from one account to another rather than by cheque or cash.
This is also known as National Electronic Funds Transfer (NEFT).
E-Money: Electronic money is a money which exists in Banking computer system and is available for transaction through electronic system.
8.
i) A barter system is exchanging goods for goods without the use of money in the primitive stage.
ii) It is an old method of exchange.
iii) This system has been used for centuries and long before money was invented.
9.
Commercial and Co-operative banks.
10.
The word money is derived from the Roman word "Moneta Juno".
11.
No effects on production
12.
Barter system
13.
i) The word money is derived from Roman word "Moneta Juno
ii) The Indian rupee is derived from the Sanskrit word - Rupya
iii) Today we use paper notes and coins as money.
iv) Many stages of evolution:
Commodity money
Metallic money
Paper money.
Plastic money
Electronic money.
Commodity money:
In the earliest period of human civilization, any commodity that was generally in demand and chosen by common consent was used as money.
eg: Furs, Skins, Salts, Rice, Wheat, Utensils, Weapons, etc.
Metalic money:
With the progress of human civilization, commodity money changed in to metallic money.
Metals like gold, silver, copper were used.
Paper money:
i) It was found inconvenient as well as dangerous to carry gold and silver coins from place to place.
ii) The invention of paper money marked a very important stage in the development of money.
Plastic money:
i) The latest type of plastic money is in the form of Credit cards and Debit cards.
ii) They aim for cashless transactions
E-Money:
Electronic money is a money which exists in banking computer system and is available through electric system.
14.
A barter system is an old method of exchange. This system has been used for centuries and long before money was invented. People exchanged services and goods in return.
Disadvantages:
i) Lack of double coincidence of wants.
ii) Common measure of value.
iii) Indivisibility of commodities.
iv) difficulties of storing wealth.
8th Standard Syllabus & Materials
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NEW8th Standard
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NEW8th Standard
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Tamilnadu Stateboard 8th Standard Subjects
Tamilnadu Stateboard Standards