Question 4 - MCQ Questions (1 Mark) - Chapter 3 Class 10 Economics - Money and Credit - Economics

Last updated at April 16, 2024 by

Which one of the following was not a traditional form of money?

(A) Grains

(B) Paper notes

(C) Cattle

(D) Gold coins

 

Answer: 

So, the correct answer is (B) - Paper Notes.

Explanation

Let’s check all the options

  • (a) Grains were used as a traditional form of money since the very early ages. So this is not the correct option.
  • (b) Paper notes are a modern form of money . So this is the correct option.
  • (c) Cattle were used as a traditional form of money from a very early age. So this is not the correct option.
  • (d) Gold coins were used as a  traditional form of money from a very early age. So this is not the correct option.
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Davneet Singh has done his B.Tech from Indian Institute of Technology, Kanpur. He has been teaching from the past 14 years. He provides courses for Maths, Science and Computer Science at Teachoo