Download App

Money and Banking — Economics STD 12 Commerce — Question

CBSE BoardEnglish MediumSTD 12 CommerceEconomicsMoney and Banking1 Mark
MCQ
Money was evolved to remove the problems of barter exchange system. Find the correct sequence of evolution of money concepts:
  1. Paper money.
  2. Plastic money.
  3. Metallic money.
  4. Digital money.
Codes:
  • A
    $3, 1, 4, 2$
  • B
    $1, 2, 3, 4$
  • C
    $3, 4, 1, 2$
  • ✓
    $3, 1, 2, 4$
✓

Answer

Correct option: D.
$3, 1, 2, 4$
Evolution of money was started from the use of gold, silver and other metal coins, later on monetary authorities of countries issued official paper money $($currency notes$).$ Due to modernisation and computerisation debit and credit cards are being used as plastic money. Now, the use of money through electronic means is called digital money.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "M.C.Q (1 Marks)" from Money and Banking→Money and Banking — all question types→Economics STD 12 Commerce question papers→CBSE Board STD 12 Commerce question papers→CBSE Board question paper generator→

Similar questions

Net value added is equal to $........$
→
When $\text{MPS} = 0,$ then $k$ is:
→
Which exchange rate is officially declared by the government?
→
$\text{APC}$ is obtained by:
→
Name the economic transactions which are undertaken to make equilibrium in balance of payment,
→
If the investment multiplier is 1, what will be the value of Marginal Propensity to Consume?
→
In which case net indirect taxes be equal to zero?
→
Foreign exchange is demanded by $........$
→
Interest payments are subtracted from which deficit to arrive at Primary Deficit:
→
According to the theory of Keynesian Economics, the value of Average Propensity to Consume can never be ________.
→