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Money Economics - Money

Maharashtra Board - STD 11 Commerce / Arts - Economics (MSBSHSE - English Medium). 100 questions in this chapter.

Question types

Money question types

100 questions across 11 question groups — pick any mix to generate a Economics paper with step-by-step answer keys.

100
Questions
11
Question groups
5
Question types
Sample Questions

Money questions

One sample from each question group in this chapter. Select any group above to see the full set with answer keys.

Q 6Choose the correct option1 Mark
Group ‘A’Group ‘B’
1. Metallic CoinsLatest development in credit money
2. Commodity MoneyCheques
3. Paper MoneyCurrency Notes
4. Bank MoneyProblem of divisibility
5. Electronic money(e) Gold coins
  • A
    1 – a; 2 – b; 3 – c; 4 – d; 5 – e
  • B
    1 – c; 2 – b; 3 – a; 4 – e; 5 – d
  • C
    1 – d; 2 – e; 3 – a; 4 – b; 5 – c
  • ✓
    1 – e; 2 – d; 3 – c; 4 – b; 5 – a.

Answer: D.

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Q 7Choose the correct option1 Mark
Group ‘A’Group ‘B’
1. Token CoinCredit Money
2. Standard coinNot steady
3. MoneyMedium of Exchange
4. Value of MoneyFace value more than intrinsic value
5. Bills of Exchange(e) Face value equal to intrinsic value
  • A
    1 – a; 2 – b; 3 – c; 4 – e; 5 – d
  • ✓
    1 – d; 2 – e; 3 – c; 4 – b; 5 – a
  • C
    1 – c; 2 – e; 3 – d; 4 – a; 5 – b
  • D
    1 – e; 2 – c; 3 – b; 4 – a; 5 – d

Answer: B.

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Q 8Choose the correct option1 Mark
Group ‘A’Group ‘B’
1. Near MoneySeashells
2. Secondary function of moneyDouble coincidence of wants
3. Commodity moneyBills of Exchange
4. Barter SystemStandard of deferred payments
5. Legal tender(e) Paper money
  • A
    1 – e; 2 – b; 3 – a; 4 – d; 5 – c
  • B
    1 – b; 2 – a; 3 – d; 4 – c; 5 – e
  • ✓
    1 – c; 2 – d; 3 – a; 4 – b; 5 – e
  • D
    1 – a; 2 – d; 3 – c; 4 – e; 5 – b

Answer: C.

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Q 10Choose the correct option1 Mark
Concept of Black money
(a) Money not accounted for
(b) tax evaded money
(c) encourages bribery, hoarding, etc
(d) discourages illegal activities
  • A
    a, d
  • B
    b, c, d
  • ✓
    a, b, c
  • D
    a, b, d

Answer: C.

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Q 37Answer the following4 Marks
Read the passage and answer the following questions:
Shiv is working in the USA and his old parents live in Mumbai. Every month he transfers money from there in father’s bank account and also pays all their utility bills from there.
QU 1. What type of money is used by Shiv?
QU 2. Write any one way how parents can withdraw cash?
QU 3. Suggest anyone App that can be used by parents.
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