Samacheer Kalvi 9th Social Science Economics Chapter 3

Samacheer Kalvi 9th Social Economics Chapter 3 Answers Solutions:

Samacheer Kalvi 9th Standard New Social Science Book Back 1 Mark and 2 Mark Question & Answers PDF uploaded and available below. 9th standard new Syllabus 2022 to 2023 Book Back Question & Answer available for both English and Tamil Mediums. Samacheer Kalvi Class 9 Social Economics Book Chapter 3 Money and Credit Answers/Solutions in English are provided on this page. 9th Std New Social History Book consists of 11 units, Geography Book consists of 8 units, Civics book portion consists of 6 units, Economics book portion consists of 5 units, All Social Science Book Back One, and Two Mark Answers/Solutions are given below.




Check Unit wise and  Samacheer Kalvi 9th Social Science Book Back Solutions Answers PDF format for Free Download. English, Tamil, Maths, Science, and Social Science Book Back Question and Answer is available in PDF. Samacheer Kalvi Class 9th Std Social Book Back Answers PDF. Check Social Science – History, Geography, Civics, Economics Answers below. See below for the 9th New Syllabus Book Back Solution guide free PDF download:

 

Samacheer Kalvi 9th Social Science Book Back Solutions Guide:

Samacheer Kalvi  9th std Social History Subject 1 Mark and 2 Mark Solutions PDF available below. Click the Download option to download the book back 1 Mark & 2 Mark questions and Solutions/Answers. Take the printout and use it for exam purposes. Samacheer Kalvi 9th Social Science Economics Chapter 3 is given below.

Social Economics Book Back Solution

Chapter 3 – Money and Credit

 

I. Choose the correct answer.

1. Certain metals like ….. (gold/iron) were used as a medium of exchange in ancient times.
2. The Head Quarters of the RBI is at ….. (Chennai / Mumbai).
3. International trade is carried on in terms of …… (US Dollars / Pounds).
4. The currency of Japan is ……. (Yen/Yuan)
Answers:
1. gold
2. Mumbai
3. US Dollars
4. Yen

II. Fill in the blanks.

1. …… System can be considered as the first form of trade.
2. Money supply is divided into ……
3. The first printing press of the RBI was started at ………
4. …… act as a regulator of the circulation of money.
5. The thesis about money by B.R. Ambedkar is ……..
Answers:
1. Barter
2. four
3. Nasik, Maharashtra
4. The Reserve Bank of India
5. The Problem of the Rupee




III. Match the following:

9th social science book back questions with answer
Answers:
1. (c): 2. (e): 3. (a): 4. (b): 5. (d)

IV. Give short answers.

1. Why was money invented?
Answer:

  1. If there were no money, we would be reduced to a barter economy.
  2. In the market we don’t barter for individual goods.
  3. Instead we exchange for goods (or) services for a common medium of exchange that is money.

2. What is ancient money?
Answer:

  1. Measuring the quantity and value of the goods exchanged were found very difficult. To solve these issues they fixed a common item with a standard value for the effective exchange of goods.
  2. Gold, silver and copper were called ancient money.

3. What were the items used as barter during olden days?
Answer:
Leather beads, shells, tobacco, salt, com and even slaves were the items used as barter during olden days.

4. What is spice route? Why was it called so?
Answer:

  1. Pepper, spices, pearls, gems, rubies and muslin clothes were exported from the eastern sea of TamilNadu.
  2. Pepper and spices took a major share of the exports. Hence this route was called the spice route.

5. What is natural money?
Answer:
The metals such as silver and gold gained importance gradually all over the world. So, these metals were used as standard value in the exchange of goods. This was called as natural money.

6. Why were coins of low value printed in large quantities?
Answer:

  1. Mines had a limited reserve of the metals.
  2. An alternative was found and coins were made using metals with lesser value.
  3. These were used to buy and sell goods of lesser value.
  4. It was used as the money of the poor people,

Hence the coins of low value were printed in large quantities.

7. What is meant by foreign exchange?
Answer:

  1. It is the conversion of one country’s currency into another. A country’s currency value may also be set by the country’s government.
  2. It is a system of trading in and converting the currency of one country into that of another.

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