Q2 A of 25 Page 131

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__________ System can be considered as the first form of trade.


BARTER System can be considered as the first form of trade.


Explanation: Barter system was the earlier form of trade where good and services were exchanged with other goods and services, like giving some rice to buy a mud pot, or giving some wheat grains to buy rice grain or weapons.


More from this chapter

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1 C

Choose the correct answer:

International trade is carried on in terms of __________ (US Dollars / Pounds).


 1 D

Choose the correct answer:

The currency of Japan is YEN (Yen/ Yuan)


 2

Fill in the blanks

Money supply is divided into ___________


 2 C

Fill in the blanks

The first printing press of the RBI was started at ___________.