HARD
9th Jammu and Kashmir Board
IMPORTANT
Earn 100

What is double coincidence of wants? Explain with an example?

Important Questions on Money and Banking

HARD
9th Jammu and Kashmir Board
IMPORTANT
Economics & Disaster Management : Class IX>Chapter 1 - Money and Banking>EXERCISES>Q 1
Can you think of some examples of goods/services being exchanged or wages being paid through barter?
HARD
9th Jammu and Kashmir Board
IMPORTANT
Economics & Disaster Management : Class IX>Chapter 1 - Money and Banking>EXERCISES>Q 2
Why is money called a medium of exchange?
MEDIUM
9th Jammu and Kashmir Board
IMPORTANT
Economics & Disaster Management : Class IX>Chapter 1 - Money and Banking>EXERCISES>Q 3
What are the different forms of modern currency?
HARD
9th Jammu and Kashmir Board
IMPORTANT
Economics & Disaster Management : Class IX>Chapter 1 - Money and Banking>EXERCISES>Q 4
Who is authorized to issue currency in India.
HARD
9th Jammu and Kashmir Board
IMPORTANT
Economics & Disaster Management : Class IX>Chapter 1 - Money and Banking>EXERCISES>Q 5
Why can no one refuse to accept payment in rupees?
HARD
9th Jammu and Kashmir Board
IMPORTANT
Economics & Disaster Management : Class IX>Chapter 1 - Money and Banking>EXERCISES>Q 6
Why are the deposits in the bank account called deposits?
HARD
9th Jammu and Kashmir Board
IMPORTANT
Economics & Disaster Management : Class IX>Chapter 1 - Money and Banking>EXERCISES>Q 7
How do banks mediate between those who have surplus money and those who need money?
MEDIUM
9th Jammu and Kashmir Board
IMPORTANT
Economics & Disaster Management : Class IX>Chapter 1 - Money and Banking>EXERCISES>Q 8
Define a Cheque.