How is money used as a medium of exchange? Explain with examples.
Money acts as a medium of exchange in the ways mentioned below:
(i) Solves the problem of double co-incidence of wants
(ii) Acts as an intermediate in exchange process
(iii) Has a store value
Name the national political party which gets inspiration from India’s ancient culture and values. Mention four features of that party.
How do we participate in the market as producers and consumers? Explain with three examples.
“An ideal government would not only keep itself away from corruption but also make fighting corruption and black money a top priority”. Justify the statement by highlighting the values attached to it.
Why are rules and regulations required for the protection of the consumers, in the market place? Explain with examples.
“Legal-constitutional changes by themselves cannot overcome challenges to democracy”. Justify the statement with an example.
How had the First World War created a new economic situation in India? Explain with three examples.
Explain the process of unification of Italy.
OR
Explain any three steps taken by the French to develop cultivation in the Mekong Delta.
