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Question Practice

What type of transaction does the term 'barter' specifically refer to?

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 type of transaction does ...

Single Answer MCQ
Q-00130463

What type of transaction does the term 'barter' specifically refer to?

1

The use of banknotes in trade

2

The trade of goods or services without currency

3

The selling of goods for profit

4

The exchange of loans between individuals

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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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