Skip to main content
Super TutorResources
Chapter 7 of 10
QuestionsNotesFlashcardsSummaryFormulasQuizConceptsSyllabusPlan
Important Questions

Meaning and Functions of Money

ICSE · Class 10 · Economic Application

Most important questions from Meaning and Functions of Money for ICSE Class 10 Economic Application board exam 2026. MCQs, short answer, and long answer questions with marks.

60 questions40 flashcards5 concepts

Interactive on Super Tutor

Studying Meaning and Functions of Money? Get the full interactive chapter.

Quizzes, flashcards, AI doubt-solver and a step-by-step study plan — built for important questions and more.

Try Super Tutor — Free

1,000+ Class 10 students started this chapter today

60 Questions·
multiple choicemultiple correct

Sample Questions

1multiple choice
1 marks

Which of the following is a primary function of money?

Show answer

Medium of exchange

Medium of exchange is one of the two primary functions of money. The other primary function is measure of value.

2multiple choice
1 marks

Which of the following is a secondary function of money?

Show answer

Store of value

Store of value is a secondary function of money. It means money can preserve purchasing power for future use.

3multiple choice
1 marks

Which of the following is a form of money?

Show answer

Near money

Near money is one of the forms of money. It includes assets like time deposits and bills of exchange.

4multiple choice
1 marks

In India, which unit is the standard unit of money?

Show answer

The rupee

The rupee is the standard unit of money in India.

+56 more questions available

Practice All

Frequently Asked Questions

What are the important topics in Meaning and Functions of Money for ICSE Class 10 Economic Application?
Meaning and Functions of Money covers several key topics that are frequently asked in ICSE Class 10 board exams. Focus on the core concepts listed on this page and practise related questions to build confidence.
How to score full marks in Meaning and Functions of Money — ICSE Class 10 Economic Application?
Understand the core concepts first, then work through the 60 practice questions available for this chapter. Revise formulas and definitions regularly, and use flashcards for quick recall before the exam.
How many important questions are there in Meaning and Functions of Money?
There are 60 practice questions available for Meaning and Functions of Money. These cover multiple question types including MCQs, short answer, and long answer questions.

Sources & Official References

Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.

More resources for Meaning and Functions of Money

All 10 chapters — ICSE Class 10 Economic Application Important Questions

For serious students

Get the full Meaning and Functions of Money chapter — for free.

Quizzes, flashcards, AI doubt-solver and a step-by-step study plan for ICSE Class 10 Economic Application.

Try Super Tutor Free
Try the full chapter — Free