If we look at history, we find that metals have been used in many ways since ancient times, but especially as money the use is a wise use. The history says that first the metal had been used in the form of money can be traced back to Babylon more than 2000 years ago. But it can be believed that the standardization and certification in the form of coinage did not occur until the 7th century BC.
Historians generally believed that the first use of coin money made of metal by the King Croesus, the king of Lydia, a state in Anatolia. It is found that in the ancient time the coins were made of electrum. The electrum is a natural mixture of gold and silver.
Let’s start the MCQs / Quiz
01) Which of the following characteristics is not seems wise the use of money in the from of metal?
A) Metal money are Durable.
B) Difficult to carry the big amount
C) Money made of metal could be stored for a long time.
D) Once minted maded for always
Correct answer is option “B”
02) Who said these words that ” The various necessities of life are not easily carried about, hence people agreed to employ in their dealings with each other something that was intrinsically useful and easily applicable to the purposes of life”
A) Aristotle
B) King of Babylon
C) Socrates
D) Plato
Correct answer is option “A”
03) What is the reason, in the ancient times the metal money was made of the precious metals like gold, silver, copper or iron.
A) Easy to identify the value
B) Easy to measure weight for transaction
C) To build trust on the metal money
D) All the above
Correct answer is option “D”
04) In time governments of different the states come out with a stamp for the value upon the metal money because________.
A) To avoid the trouble of weight
B) To know its value at sight.
C) To make easy to carry.
D) All the above
Correct answer is option “D”
05) Fill in the blanks with suitable option. “The history says that first the metal had been used in the form of money can be traced back to Babylon more than______ years ago. “
A) 5000
B) 4000
C) 3000
D) 2000
Correct answer is option “D”
06) It is believed that the standardization and certification of the metal money in the form of coinage did not occur until the _____________.
A) 6th century BC
B) 7th century BC
C) 8th century BC
D) 9th century BC
Correct answer is option “B”
07) Historians generally believed that the first use of metal money in form of coin by the king of Lydia which was a state in Anatolia. What was the name of the King from the following?
A) King Edwin
B) King Osric
C) King Croesus
D) King Oswald
Correct answer is option “C”
08) The historians believe that in that ancient time the coins were made of the elements called electrum. “Electrum is a natural mixture of which of the following metals.”
A) Gold and Copper
B) Gold and Silver
C) Gold and Aluminum
D) Gold and Iron
Correct answer is option “B”
09) It is believed that a government can be deal with metallic money with how many distinct modes.
A) Five
B) Four
C) Three
D) Two
Correct answer is option “A”
10) A government can be deal with metallic money with five distinct modes. What are the five modes from the following?
1) currency by weight.
2) system of unrestricted currency
3) the single legal tender system
4) the multiple legal tender system
5) composite legal tender system
6) more intrinsic value then its face value
7) less intrinsic value then its face value
A) All of the above
B) All except option 5 & 7
C) All except option 4 & 7
D) All option from 1 to 5
Correct answer is option “D”
Try more MCQ’s…….
Classification of money
Paper Money
Representative Money
Full Bodied money
अन्य विषयों पर अधिक MCQ करने के लिए यहां क्लिक करें
Wish you all the best for a brightest future.