Chapter-10 Money Savings and Investments — Online MCQ Test
SOCIAL · Samacheer Kalvi 8th · Tamil Nadu State Board
Practice Chapter-10 Money Savings and Investments with a free chapter-wise online MCQ test.
This chapter covers: Barter system Demonetization Black money Inflation Explains the evolution of money savings investment and the importance of financial management.
AI-generated questions from basic to board-exam level, with instant results and explanations.
Chapter-10 Money Savings and Investments — Important Questions & Answers
What is the barter system?
- A. Buying goods using coins and notes
- B. Exchanging goods directly for goods
- C. Saving money in a bank
- D. Paying tax to the government
Answer: B. Exchanging goods directly for goods
In the barter system, people exchange one commodity for another without using money.
In the barter system, people exchange one commodity for another without using money.
Which is a modern form of money used for payments?
- A. Shells
- B. Coins
- C. Grains
- D. Livestock
Answer: B. Coins
Coins are a commonly used form of money in the modern monetary system.
Coins are a commonly used form of money in the modern monetary system.
Why was money introduced in place of the barter system?
- A. To make exchange easier and avoid double coincidence of wants
- B. To stop people from trading
- C. To reduce the use of goods
- D. To increase inflation
Answer: A. To make exchange easier and avoid double coincidence of wants
Money solved the problem of finding someone who wants exactly what you offer and has what you need.
Money solved the problem of finding someone who wants exactly what you offer and has what you need.
A worker’s salary remains the same, but the prices of daily goods rise. What happens to the worker?
- A. Purchasing power increases
- B. Purchasing power decreases
- C. Money becomes more valuable
- D. Savings are unnecessary
Answer: B. Purchasing power decreases
During inflation, the same income buys fewer goods, so purchasing power decreases.
During inflation, the same income buys fewer goods, so purchasing power decreases.
Which of the following is the best example of a safe and fixed-return investment?
- A. Lottery ticket
- B. Fixed deposit in a bank
- C. Speculating in gambling
- D. Spending money immediately
Answer: B. Fixed deposit in a bank
A fixed deposit generally offers safety along with a predetermined rate of interest, unlike risky options such as lottery or gambling.
A fixed deposit generally offers safety along with a predetermined rate of interest, unlike risky options such as lottery or gambling.