What are the main drawbacks of the barter system that led to the necessity of money?

Fill in the blank: Money is a common tool everyone accepts to ___ goods and services.

Buy or sell

True or False: The barter system allows for easy division of goods into smaller parts for trade.

What modern examples illustrate the continued existence of barter systems?

Modern Examples of Barter

• Junbeel Mela in Assam

• Book exchange programs

• Clothes for utensils trade

What are the main functions of money in an economy?

Money acts as a ___ by enabling the buying and selling of goods and services without the need for bartering.

Medium of exchange

True or False: Money can only be used once and cannot be saved for future use.

False: Money can be saved and used later, unlike perishable goods.

Multiple Choice: Which of the following is NOT a function of money? 
A) Medium of exchange B) Store of value
 C) Measurement of weight D) Standard of deferred payment

C) Measurement of weight

Fill in the blank: Coins made in ancient India were known as ___ and were made from precious metals.

Kārshāpanas

What is the significance of the ₹ symbol and who designed it?

Riddle: I can be touched in coins but not in digital form. I help you buy things but am not always physical. What am I?

Money

Fill in the blank: Digital money became popular with the advent of technology, allowing transactions through methods like ___ and UPI.

QR codes

How did the introduction of coins impact trade in ancient India?

Coins boosted economic interactions, tandardized trading medium and enhanced cross-kingdom trade.

What is the primary purpose of the Reserve Bank of India regarding currency?