Students can keep Class 7 SST Extra Questions and Class 7th SST Chapter 11 From Barter to Money Class 7 Important Extra Question Answer handy for quick reference during exams.
Class 7 SST Chapter 11 From Barter to Money Extra Questions
NCERT Class 7 Social Science Chapter 11 Extra Questions on From Barter to Money
From Barter to Money Class 7 Very Short Question Answer
Question 1.
What is the meaning of barter?
Answer:
Exchange of goods or services without using money.
Question 2.
Which fair in Assam still follows the barter system?
Answer:
Junbeel Mela
Question 3.
How did the barter system function?
Answer:
People exchanged goods or services directly for other goods or services.
Question 4.
How does money act as a store of value?
Answer:
Money can be saved and used for future purchases, unlike perishable goods.
Question 5.
What is the importance of the Junbeel Mela?
Answer:
It shows that the barter system still exists and helps preserve cultural heritage.
Question 6.
Describe the material used in ancient coins.
Answer:
Gold, silver, copper, and their alloys were used.
Question 7.
Explain the term “double coincidence of wants”.
Answer:
It means both parties must want what the other has in order to exchange goods.
Question 8.
Why was coinage considered better than barter?
Answer:
Coins were easier to carry, divide, and store, and had a defined value.
From Barter to Money Class 7 Short Question Answer
Question 1.
What do you know about the Karshapana?
Answer:
The coins were made from precious metals like gold, silver and copper or their allows. They were called Karshapanas or panas. They had symbols punched on them called rupas.
Question 2.
Explain four major problems of the barter system with examples.
Answer:
(i) Double coincidence of wants: Both parties had to need each other’s goods.
(ii) Lack of standard value: No fixed measure for comparing goods.
(iii) Divisibility: Some goods couldn’t be divided, like an ox.
(iv) Portability and durability: Goods like wheat rotted; oxen were hard to carry.
Question 3.
Describe the evolution from barter system to digital payments.
Answwer:
Exchange started with barter, moved to commodity money, then to coinage, followed by paper currency, and now digital payments through phones and computers.
Question 4.
How did coinage help in improving trade in ancient India? Describe the importance of the rupee symbol
Answer:
Coins had defined values, were portable and durable, and accepted across kingdoms, boosting maritime and inland trade. Introduced in 2010, it blends Devanagari ‘Ra’ and Roman ‘R’, symbolizes Indian identity, and helps distinguish the Indian currency internationally.
Question 5.
Explain how the RBI controls the currency system in India.
Answer:
RBI is the sole authority to issue notes and coins in India. It regulates supply, maintains value stability, and ensures security features in currency.
From Barter to Money Class 7 Long Question Answer
Question 1.
What is the barter system and how does it work? Explain with an example.
Answer:
The barter system is the oldest form of trade where people exchanged goods or services without using money. It worked only when both people needed what the other had. This is called a “double coincidence of wants.” For example, if you have an extra eraser and need a pencil, and your friend has a pencil but needs an eraser, you can exchange them. Both of you get what you want. Barter was common in olden times, but it had many problems. People found it hard to fix the value of items, carry heavy goods, or store perishable things. Because of these issues, money was later invented to make trade easier.
Question 2.
How does the Junbeel Mela show that the barter system still exists today?
Answer:
The Junbeel Mela is a fair held every year in Assam, India. It shows that the barter system still exists in some places. This fair began in the 15th century and is attended by tribal groups like the Tiwa, Karbi, and Khasi. People come to exchange goods such as fruits, vegetables, herbs, rice cakes, and handmade items— without using money. People from the hills trade with people from the plains. The fair also starts with a traditional Agni Puja (fire worship) for peace and well-being. The Junbeel Mela is not just a market but a cultural event that keeps an old tradition alive in the modem world.
Question 3.
Why was money invented? How did it solve the problems of the barter system?
Answer:
Money was invented because the barter system had many problems. In barter, people had to find someone who wanted what they had and had what they needed. This was called the double coincidence of wants, and it was hard to find. There were also issues like no common value, lack of divisibility, and no durability of goods like food or grain. Carrying big items was also difficult. Money solved these problems. It became a common medium of exchange, and people could easily buy or sell anything. It also worked as a store of value and helped in measuring and comparing prices. This made trade and daily life much easier for everyone.
Question 4.
What are the main functions of money?
Answer:
Money is a medium of exchange that makes buying and selling easy. Unlike the barter system, you don’t need to find someone who wants exactly what you have. Money also acts as a store of value—you can keep it and use it later. It is durable, so it doesn’t spoil like food items. Another function is that money helps us measure value. We can compare prices and know how much something is worth. Money is also used for deferred payments, which means paying later, like buying something now and paying in the future. These functions make money better and more useful than the barter system.
Question 5.
How has money changed over time, and what are the new forms of money today?
Answer:
Money has changed a lot over time. First, people used barter, then came metal coins made of gold, silver, and copper. Later, paper money was introduced as it was easier to carry and store. Today, we also use digital money, which you cannot touch but can use through mobile phones and computers. For example, shopkeepers use QR codes, and customers pay using UPI, debit cards, or net banking.
Digital money goes directly from one bank account to another. It is fast, safe, and doesn’t require carrying cash. This shows how money has changed from old metal coins to modem digital payments.
From Barter to Money Class 7 Source Based Questions
Read the below passages and answer the following questions:
1. Beginning in the 15th century, the chiefs of the Tiwa, Karbi, Khasi, and Jaintia tribal communities of Assam and Meghalaya would gather every year to discuss political issues and to maintain friendly relationships. Members of these communities began to gather around this event and soon it turned into a fair, where people would bring their produce and began exchanging them among each other. Bartering begins early in the morning, with the trade of local products such as roots, vegetables, fruit, herbs, and spices. Also seen at the fair are handmade goods and artifacts, made from natural materials sourced from the forests of the hilly region. These are often exchanged with people from the plains for rice cakes, and other types of food that cannot be grown in the hills.
(i) Which tribal communities originally gathered for the Junbeel Mela?
Answer:
Tiwa, Karbi, Khasi, and Jaintia communities.
(ii) What is the significance of Junbeel Mela in today’s context?
Answer:
It is a living example of the barter system still being practiced for exchanging local produce and goods.
(iii) How did the Junbeel Mela start and what was its original purpose?
Answer:
The Junbeel Mela started in the 15th century when chiefs of the Tiwa, Karbi, Khasi, and Jaintia tribes gathered to discuss political issues and maintain friendly relationships. It later turned into a fair where people exchanged goods.
2. As time has progressed and technology has advanced, other forms of money have come to be used today. Apart from tangible forms of money ; such as coins and paper notes, money has taken intangible forms that we cannot touch and feel. ; This is called digital money which is in electronic form. Different payment methods like debit cards, credit cards, net banking, UPI (Unified Payments ; Interface), etc. are also used for transactions. These mediums directly transfer money from one person’s bank account into another.
(i) What is digital money?
Answer:
Digital money is money in electronic form that cannot be touched or felt.
(ii) What are some examples of digital payment methods used today?
Answer:
Examples of payment methods used today include debit cards, credit cards, net banking, and UPI (Unified Payments Interface).
(iii) How does digital money work in today’s world?
Answer:
Digital money is used for transactions through payment methods like debit cards, credit cards, net banking, and UPI. These methods directly transfer money from one person’s bank account to another, making payments fast and easy without the need for physical money.
From Barter to Money Class 7 Picture Based Questions
Observe the below image and answer the following Questions:
(i) What is depicted in this image?
Answer:
The image depicts two ancient coins: a Chalukya coin and a Chola silver coin.
(ii) What types of symbols were engraved on these ancient coins?
Answer:
The coins had symbols like animals, trees, hills, kings, queens, and deities engraved on them.
(iii) What was depicted on the other side of the Chalukyan coins?
Answer:
The other side of the Chalukyan coins had a decorated three-tiered parasol.
Class 7 From Barter to Money Extra Questions for Practice
I. Multiple Choice Questions
Question 1.
What is the barter system?
(a) A system where people use money to buy goods
(b) A system where people exchange goods and services directly
(c) A system where people use mobile phones for transactions
(d) A system where people work for wages
Question 2.
What is a problem faced by people using the barter system?
(a) There is a common standard measure of value
(b) People find it hard to store goods
(c) It is difficult to find someone who wants exactly what you offer
(d) People cannot use digital payments
Question 3.
What do people exchange at the Junbeel Mela in Assam?
(a) Digital money
(b) Local products like roots, vegetables, and fruits
(c) Paper currency
(d) Gold and silver coins
Question 4.
What were coins in ancient times made of?
(a) Plastic
(b) Paper
(c) Gold, silver, and copper
(d) Wooden materials
Question 5.
Which of the following is an example of modem digital payment methods?
(a) Barter system
(b) Using coins
(c) Scanning a QR code for payment
(d) Exchanging goods directly
Question 6.
There are two statements marked as Assertion (A) and Reason (R). Choose your answer as per the options given below:
Assertion (A): Coins were one of the earliest forms of money used in ancient times.
Reason (R): Rulers controlled the minting and issuing of coins for transactions.
(a) Both (A) and (R) are true and (R) is the correct explanation of (A).
(b) Both (A) and (R) are tme but (R) is not the correct explanation of (A).
(c) (A) is true but (R) is false.
(d) (A) is false but (R) is tme.
II. Very Short Answer Type Questions
Question 1.
What do you mean by the term currency?
Question 2.
Which commodities are used as medium of exchange during barter system?
Question 3.
What do know about the stone money?
Question 4.
Give an example of digital money.
Question 5.
What was the Tajadero used by the Aztecs?
III. Short Answer Type Questions
Question 1.
Difference between tangible and non tangible resources.
Question 2.
Define the term transaction. What is used as money on the Solomon islands.
Question 3.
Explain the significance of coins in respect to divisibility and portability.
Question 4.
What is the role of the Reserve Bank of India (RBI)?
Question 5.
What are some modem methods of making payments?
IV. Long Answer Type Questions
Question 1.
“Necessity is the mother of invention.” Justify the statement in context of coinage.
Question 2.
Explain the barter system. What were its advantages and disadvantages? Give examples to support your answer.
Question 3.
Describe the journey of money from barter to digital form. How has the use of money changed over time?
Question 4.
What is coinage? Describe the use and importance of coins in ancient times with suitable examples.
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