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Money and Banking — Economics STD 12 Commerce — Question

CBSE BoardEnglish MediumSTD 12 CommerceEconomicsMoney and Banking1 Mark
Question
Assertion (A): We can still encounter a barter system in the modern economic system.
Reason (R): People exchange old clothes for utensils.
Alternatives:-
a) Both Assertions (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A)
b) Both Assertion (A) and Reason (R) are true and Reason (R) is not the correct explanation of Assertion (A)
c) Assertion (A) is True but Reason (R) is False
d) Assertion (A) is False but Reason (R) is True
✓

Answer

a) Explanation:- Yes, Exchanging cloths for utensils is the kind of barter system that sitll can be seen in cityies and villages.

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