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Syllabus

Money and its Role — Syllabus

NIOS · Class 10 · Economics

What Money and its Role covers in NIOS Class 10 Economics: 4 topics, for the 2026-27 session. Part of the NIOS Class 10 Economics syllabus.

53 questions30 flashcards5 concepts

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4 Topics · NIOS Class 10 Economics · 2026-27

Topics in Money and its Role

1

Barter System and Its Need

  • Barter system means exchange of one kind of goods and services for another kind of goods and services.
  • Barter system involves no involvement of money.
  • It was used in ancient civilizations and still exists in remote tribal areas of India.
2

Demerits of Barter System

  • Lack of double coincidence of wants is a major problem.
  • Double coincidence of wants means both persons must want what the other has.
  • Searching for the right person took a lot of time.
3

Functions of Money

  • Money acts as a medium of exchange.
  • Money is received by the seller and paid by the buyer.
  • Example: Rs. 10 paid for a pen shows money as medium of exchange.
4

Types of Money and Currency

  • Money has changed form over time.
  • In the days of kings, gold, silver, and copper coins were used.
  • Earlier, cattle and salt were also used as forms of money.

Key Concepts

Central concept: Money as a medium of exchange and a solution to the problems of barter

Barter SystemNeed for MoneyFunctions of MoneyTypes of MoneyCurrency and DenominationsForeign Currency Examples

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Frequently Asked Questions

What are the important topics in Money and its Role for NIOS Class 10 Economics?
Key topics in Money and its Role include Barter System and Its Need, Demerits of Barter System, Functions of Money, Types of Money and Currency. Study these first, then practise questions on each for the NIOS Class 10 board exam.
How should I revise Money and its Role for the NIOS Class 10 board exam?
Learn the core ideas first, then work through the 53 practice questions on Money and its Role. Revise 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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