Class 7 Social Science Chapter 11 Questions

Q 11.1
How does the barter system take place and what kinds of commodities were used for exchange under the system?
Q 11.2
What were the limitations of the barter system?
Q 11.3
What were the salient features of ancient Indian coins?
Q 11.4
How has money as a medium of exchange transformed over time?
Q 11.5
What steps might have been taken in ancient times so that Indian coins could become the medium of exchange across countries?
Q 11.6
Read the lines from the Arthashastra about 60 panas and one adhaka of grain per day. What does this indicate about the value of one pana? The fine for failing to help a neighbour was 100 panas. Compare this with the annual salary. What conclusion can you draw about the human values being encouraged?
Q 11.7
Write and enact a skit to show how people may have persuaded each other to use cowrie shells, or another such item, as the medium of exchange.
Q 11.8
The RBI is the only legal source that prints and distributes paper currency in India. To prevent illegal printing and misuse, what are some security features of Indian banknotes?
Q 11.9
Interview family members and local shopkeepers about their preference in making and receiving payments. Do they prefer cash or UPI? Why?