Money, Savings and Investments

Samacheer Book Back Questions And Answers For Economy Standard 8 Full Book “Money, Savings and Investments“

I. Choose the correct answer:
1. Which metals were used for metallic money?
(a) Gold
(b) Silver
(c) Bronze
(d) All the above

2. Who introduced the paper money?
(a) British
(b) Turkish
(c) The Mugual Empire
(d) Mauryas

3. The value of money is
(a) Internal value of money
(b) External value of money
(c) Both a & b
(d) None of these

4. Which is the Bank Money?
(a) Cheque
(b) Draft
(c) Credit and Debit cards
(d) All the above

5. Pick out the incorrect one:
Investment can be made in different vehicle.
(a) Stock
(b) Bonds
(c) Mutual fund
(d) Pay tax

6. Who is responsible for the collection and publication of monetary and financial information?
(a) Finance commission
(b) Finance Ministry
(c) Reserve Bank of India
(d) Auditor and Comptroller General of India

II. Fill in the Blanks:
1. Online Banking is also known as _____
2. _____is what money does.
3. The term of bank is derived from _____ word.
4. Value of money is meant _____ of money.
5. The Indian banking regulation act of ______

Answers:
1. Net Banking
2. Money
3. Italian
4. The purchasing power
5. 1949

III. Match the following:
1. Barter system                A. Tax evaders
2. Reserve bank act           B. Electronic money
3. E-Money                       C. Consumers disposable income
4. Savings                         D. Exchanged goods for goods
5. Black money                 E. 1935

Answers:
1. D
2. E
3. B
4. C
5. A

IV. Write the one-word answer:
1. The word Money is derived from?
Answer:
From the Roman word ‘Moneta Juno’.

2. Which bank gives to both short term and long term loans?
Answer:
Rural cooperative credit institutions.

V. Choose the correct statement:
1. Barter system had many deficiencies like –
I. Lack of double coincidence of wants
II. No difficulties of storing wealth
III. Common measure of value
IV. Indivisibility of commodities
(a) I and II is correct
(b) I and IV is correct
(c) I, III and IV is correct
(d) All are correct

VI. Find out the odd one:
1. Recent forms of money transactions are
(a) Credit card
(b) Barter system
(c) Debit card
(d) Online banking

2. Effects of black money on economy is
(a) Dual economy
(b) Undermining equity
(c) No effects on production
(d) Lavish consumption spending