Millionaire Mode

Commerce Fundamentals and History - Class-XI

Question 1 of 18

Which of the following factors causes the barter system to be inefficient?

  1. The cost associated with information search is too low.
  2. Its cost of transaction is too low.
  3. It requires a double coincidence of wants.
  4. It requires high liquidity.

Prize Money

15₹7 Crores
14₹1 Crore
13₹50,00,000
12₹25,00,000
11₹12,50,000
10₹6,40,000
9₹3,20,000
8₹1,60,000
7₹80,000
6₹40,000
5₹20,000
4₹10,000
3₹5,000
2₹2,000
1₹1,000