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Question Practice

Why is it said that 'necessity is the mother of invention' in the context of money?

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

Why is it said that 'necessity...

Single Answer MCQ
Q-00130466

Why is it said that 'necessity is the mother of invention' in the context of money?

1

People created money to show wealth

2

Innovations arise from the need for better systems

3

Money replaces the need for skills

4

Barter was always inefficient

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Keep Practising

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Continue with nearby questions to strengthen the same chapter concept while you still have the context fresh in mind.

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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