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Chapter 14 of 24
Practice Quiz

Money and its Role

NIOS · Class 10 · Economics

Practice quiz for Money and its Role — NIOS Class 10 Economics. MCQs and questions with answers to test your preparation.

53 questions30 flashcards5 concepts

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Quick Quiz: Money and its Role

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1

What is barter system in the context of exchange of goods and services?

2

What is money generally accepted by society as?

3

Which of these is a function of money?

4

What is the currency of India called?

53 Questions·
multiple choicetrue falsemultiple correct

Sample Questions

1multiple choice
1 marks

What is the symbol of the Indian Rupee?

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The symbol of Rupee is ₹.

2multiple choice
1 marks

How much is 50 paisa equal to?

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Half of one rupee

50 paisa equals half of one rupee.

3multiple choice
1 marks

Which country uses the dollar as its currency?

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USA

The currency in USA is called dollar.

4multiple choice
1 marks

What is the main reason money replaced barter system?

Show answer

The barter system had many demerits

Money came into being because barter system had many problems.

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Frequently Asked Questions

What are the important topics in Money and its Role for NIOS Class 10 Economics?
Money and its Role covers several key topics that are frequently asked in NIOS 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 Money and its Role — NIOS Class 10 Economics?
Understand the core concepts first, then work through the 53 practice questions available for this chapter. Revise formulas and definitions regularly, and use flashcards for quick recall before the exam.

Sources & Official References

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

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Quizzes, flashcards, AI doubt-solver and a step-by-step study plan for NIOS Class 10 Economics.