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Meaning and Functions of Money — Practice Quiz

ICSE · Class 10 · Economic Application

Try a 4-question quiz on Meaning and Functions of Money for ICSE Class 10 Economic Application: tap an answer to check it and see why.

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Quick Quiz: Meaning and Functions of Money

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1

What is money commonly accepted as in exchange for goods and services?

2

Double coincidence of wants means what?

3

Which of the following is one of the five stages in the evolution of money?

4

Which economist gave the functional definition of money?

60 Questions·
multiple choicemultiple correct

Sample Questions

1multiple choice
1 marks

Which of the following is a primary function of money?

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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?

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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?

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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?

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The rupee

The rupee is the standard unit of money in India.

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Frequently Asked Questions

What are the important topics in Meaning and Functions of Money for ICSE Class 10 Economic Application?
Key topics in Meaning and Functions of Money include Barter System and Its Difficulties, Evolution of Money, Meaning and Definitions of Money, Forms of Money. Study these first, then practise questions on each for the ICSE Class 10 board exam.
How many practice questions are there for Meaning and Functions of Money?
There are 60 questions on Meaning and Functions of Money. Try the 4-question sample quiz on this page first; each answer shows an explanation when you tap it.

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