The ancient tradition of exchanging goods for goods (trade without currency) is: || ADRE 1.0 (SLRC 2022) Paper-I Solved Questions

QUESTION:

The ancient tradition of exchanging goods for goods (trade without currency) is: 

(A) Paik System 

(B) Barter System 

(C) Banking System 

(D) Rayat System


ANSWER:


Option

Trade System

Explanation

(A)

Paik System

Incorrect. The Paik System was a form of forced labour in Assam.

(B)

Barter System

Correct. The barter system refers to the ancient tradition of exchanging goods for goods without the use of currency.

(C)

Banking System

Incorrect. The banking system involves currency transactions, not barter.

(D)

Rayat System

Incorrect. The Rayat System was a land revenue system in India.


Correct Option: (B) Barter System


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