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Class 7 From Barter to Money worksheet
CBSE Social Science. Barter and its problems, the functions of money, coins, annas and paper money, and digital payments. Every sheet has 20 questions in three sections and an answer key, and the numbers change every time.
Sample questions
Real questions from this chapter, as the app sets them. Tap Answer to see the answer and working.
Section A · multiple choice
- 1.
Exchanging goods or services directly, without money, is called:
- minting
- taxation
- banking
- barter
Answer
(d) barter
- 2.
The bookseller lets you pay the remaining ₹50 next week. Which function of money is this?
- standard of deferred payment
- unit of weight
- means of barter
- source of tax
Answer
(a) standard of deferred payment
- 3.
No one agrees how many bags of wheat a sweater is worth. Which problem of barter is this?
- portability
- durability
- double coincidence of wants
- no common measure of value
Answer
(d) no common measure of value
Section B · short answer
- 4.
What is barter? Give an example.
Answer
Exchanging goods or services without money, such as swapping a spare eraser for a classmate’s spare pencil.
- 5.
Name the function of money: (a) A farmer sells wheat and keeps the money to spend months later. (b) The bookseller lets you pay the remaining ₹50 next week.
Answer
(a) store of value (b) standard of deferred payment
Section C · long answer
- 6.
Explain the problems of the barter system with an example.
Answer
A farmer with an ox must find someone who wants an ox and has what he needs (double coincidence), agree on value with no common measure, cannot split the ox, finds it hard to carry, and cannot store wheat for long.
Fresh sheets for your child
In the app, every From Barter to Money sheet is new: the app remembers the questions your child has already had and leaves them out. Print the sheet as a PDF, or use notebook mode and write the answers in a notebook.
Coming soon for Android and iPhone.