Government and Private job alert for free, Daily news,tnpsc related job alert

Post Top Ad

Your Ad Spot

Thursday, June 4, 2020


For this exam 6th to 10th Indian economy notes were given by STUDY CIRCLE, DISTRICT EMPLOYMENT OFFICE. Make use of this pdf to clear the competitive exams. These pdf are very useful for those who were going to attend the competitive exam. Day_by_day if you practice well be sure you can achieve your goal. 

The question that you see they are the best questions they are also free from cost so make use of these notes in a proper manner. Our mission is to make you read an enjoyable experience. The candidate should follow the entire question bank throughout.

 These questions were easy to learn if you practice well. Have patience and work hard so that you can achieve your goal. These notes are the best reference for you to clear the exams. If you feel that these questions were helpful for you to share with your friends and family circle in order to achieve their goals. Make use of these notes in a useful manner so that you can clear the exams in an easy manner. 


Cash is a captivating subject and brimming with interests. It is imperative to catch this component for the understudies. The historical backdrop of cash and how different structures were utilized on various occasions is a fascinating story. Present-day types of cash are connected to the financial framework. Money is a fundamental discovery, which has eased the day to day transactions, valuing goods and services and has allowed us to store wealth and trade in the future. “Money is anything which is widely accepted in payment for goods or in the discharge of other business obligations” Robertson. Money in some form has been part of human history for at least the last 3000 years Before that time, it is assumed that a system of bartering was likely used. 

Evolution of Money 

The word Money is derived from the Roman word “Moneta Juno”. It is the roman goddesses and the republic money of the roman empire. The Indian rupee is gotten from Sanskrit word 'Rupya' which means silver coin.Today we use paper notes, coins as cash. But the evolution of this stage has not happened overnight. It took thousands of years to reach such a stage. There are many stages of the evolution of money. The earliest and primitive stage is the Barter system.

 Barter system

 A barter system is exchanging goods for goods without the use of money in the primitive stage.A trade framework is an old technique for trade. This framework has been utilized for a considerable length of time and some time before cash was designed. Individuals traded administrations and merchandise for different administrations and products consequently. The benefit of dealing with things can be haggled with the other party. Dealing doesn't include cash which is one of the points of interest. Hence the Barter system had many deficiencies like, 1. Lack of double coincidence of wants, 2. A common measure of value 3. Indivisibility of commodities 4.Troubles of putting away riches Some of the significant stages through which cash has advanced are as per the following Commodity Money, Metallic Money, Paper Money, Credit Money, Near Money and later 

Cash has developed through various stages as indicated by the time, spot, and conditions. 

In the soonest time of human progress, any product that was for the most part requested and picked by regular assent was utilized as cash. 

Merchandise like hides, skins, salt, rice, wheat, utensils, weapons, and so on. 

Such trade of products for merchandise was known as 'Bargain Exchange'. 

Metallic Money With the progress of human development, ware cash changed into metallic cash. 

were utilized as they could be effortlessly taken care of and their amount can be effectively learned. 

It was the primary type of cash all through the significant segment of written history. 

The valuable metals particularly gold, silver, bronze were utilized for metallic cash. Metals like gold, silver, copper, etc. 

History of Metallic Money 

 The standard weight and fineness of metal particularly gold and silver with a seal on it became medium of exchange. They were of various sections effectively distinct, compact, and were advantageous in making installment. King Midas of Lydia innovated metal coin in the 8th century BC (BCE) by the ancient historian Herodotus. Be that as it may, gold coins were being used in india numerous hundreds of years than in Lydia. 

The most punctual guarantors of coins on the planet are the antiquated Indians alongside Chinese and lydians from the center east. 

The first run through Indian coins was printed in the sixth century BC (BCE) by the Mahajanpadas known as Puranas, Karshapanas, or Panas. The Mauryas came up with the Punch Marked Coins minting of silver, gold copper or lead and Indo-Greek Kushan kings introduced the Greek custom of engraving portraits on the coins. 

Turkish sultans of Delhi has replaced the royal designs of Indian kings with Islamic Calligraphy by the 12th century AD (CE). The cash was comprised of gold, silver and copper known as Tanka and lower esteemed coin known as Jittals. 

The Mugual Empire from 1526 AD combines the money related framework for the whole realm. In this era evolution of rupee occurred with Sher Shah Suri defeated Humayun and issued a silver coin of 178 gms known as rupiya and was divided into 40 copper pieces or paisa and during the whole Mutual period silver coin remained in use.

 During British East India company i.e. 1600, the Mughal currency remained popular but in 1717 AD, Farrukhsiyar the Mughal Emperor gave permission to the British to coin Mughal Money at the Bombay mint. The British gold coins were termed as Carolina, the silver coins as Angelina, the copper coins as cup person and the tin coins as tinny.


No comments:

Post a Comment