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Question Practice

What role does the Reserve Bank of India (RBI) play in regard to currency?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 7
Social Science
Exploring Society India and Be...
From Barter to Money
Question Bank

What role does the Reserve Ban...

Single Answer MCQ
Q-00130445

What role does the Reserve Bank of India (RBI) play in regard to currency?

1

It issues currency legally.

2

It allows private companies to print money.

3

It decides exchange rates.

4

It only collects taxes.

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Q1.

What is the barter system?

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Q2.

Which of the following is a limitation of the barter system?

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Q3.

In the barter system, which item listed was commonly used as a commodity?

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Q4.

What problem does the term 'portability' refer to in the barter system?

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