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Important Questions

Money

Telangana Open School (TOSS) · Class 12 · Economics

Most important questions from Money for Telangana Open School (TOSS) Class 12 Economics board exam 2026. MCQs, short answer, and long answer questions with marks.

45 questions30 flashcards4 concepts

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45 Questions·
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Sample Questions

1multiple choice
1 marks

Which of the following is considered legal tender in India?

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One rupee coin

Legal tender money is issued by the government or central bank and must be accepted in payment. Coins are legal tender.

2multiple choice
1 marks

What was used as money in ancient times?

Show answer

Grains and cowrie shells

Before coins and paper money, people used items like grains, cowrie shells, and cattle as money.

3multiple choice
1 marks

Which economist said, 'Money is what money does'?

Show answer

Walker

Walker emphasized the functions of money rather than its form, saying 'Money is what money does'.

4multiple choice
1 marks

Which of the following is a primary function of money?

Show answer

Store of value

Primary functions include medium of exchange and store of value. The others are contingent functions.

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Frequently Asked Questions

What are the important topics in Money for Telangana Open School (TOSS) Class 12 Economics?
Money covers several key topics that are frequently asked in Telangana Open School (TOSS) Class 12 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 — Telangana Open School (TOSS) Class 12 Economics?
Understand the core concepts first, then work through the 45 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 Money?
There are 45 practice questions available for 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.

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All 30 chapters — Telangana Open School (TOSS) Class 12 Economics Important Questions

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