CBSE Class 9 Economics-English Medium

TOPIC 1: MONEY AS A MEDIUM OF EXCHANGE Q1. A farmer can sell wheat for money and later use that money to purchase a bicycle without finding a bicycle seller who wants wheat.True / False Q2. Money can solve the problem of double coincidence of wants only when both parties directly exchange their goods.True /

Topic 1: Money as a Medium of Exchange Q1. Match Column I with Column II. Column I Column II 1. Barter system A. Removes the need for double coincidence of wants 2. Money B. Exchange of goods without using money 3. Double coincidence of wants C. Both parties want what the other possesses 4. Medium

TOPIC 1: MONEY AS A MEDIUM OF EXCHANGE Q1. A farmer sells wheat for ₹20,000 and later uses the money to purchase a motorcycle. In this process, money is functioning as a __________. Q2. If a carpenter wants rice but the rice seller does not want furniture, direct exchange becomes difficult because of the problem

Common Options for All Questions A. Statements 1 and 2 are correct.B. Statements 1 and 3 are correct.C. Statements 2 and 3 are correct.D. Statements 1, 2 and 3 are correct. TOPIC 1: MONEY AS A MEDIUM OF EXCHANGE Q1. Consider the following statements: Which of the above statements are correct? Q2. Consider the following

Choose the correct option for all the questions. A. Both Assertion (A) and Reason (R) are true, and R is the correct explanation of A.B. Both Assertion (A) and Reason (R) are true, but R is not the correct explanation of A.C. Assertion (A) is true, but Reason (R) is false.D. Assertion (A) is false,

Topic 1: Money as a Medium of Exchange Q1. Ravi has wheat and wants a bicycle. The bicycle seller does not need wheat but wants money. Which development most directly solves Ravi’s problem? A. Ravi can sell wheat for money and use the money to buy the bicycle.B. Ravi must find another bicycle seller who

1. Money as a Medium of Exchange Meaning of Money Money is anything that is generally accepted as a means of payment for buying goods and services. In earlier times, people mainly used the barter system, in which goods were exchanged directly for other goods. Barter System Under the barter system, one person exchanges one

PART A – PERSONAL FINANCIAL MANAGEMENT Q1. Read the situation and match the financial actions with their purposes. Column I Column II A. Helps prepare for unexpected financial needsB. Shows where money is actually being spentC. Helps judge whether debt fits one’s repayment capacityD. Gives a clear target for saving or spending decisions Options A.

Topic 1: Meaning and Importance of Personal Financial Management Q1. Rahul records his income, tracks his daily expenses and decides how much money to save each month. His actions are part of ________. A. Personal financial managementB. Market speculationC. Consumer inflationD. Public expenditure Q2. Meena wants to purchase a laptop six months from now. She

Topic 1: Meaning and Importance of Personal Financial Management (PFM) Q1. Riya receives a fixed monthly allowance. At the end of every month, she finds that she has spent most of her money on small unnecessary purchases. She starts recording every expense and reviews the list before planning the next month.Statement: Riya’s action is an