Maharashtra State BoardHSC Commerce 12th Board Exam
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Micheal Vaz solutions for Economics HSC 12th Standard Maharashtra State Board chapter 11 - Money [Latest edition]

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Economics HSC 12th Standard Maharashtra State Board - Shaalaa.com

Chapter 11: Money

Exercise

Exercise [Page 101]

Micheal Vaz solutions for Economics HSC 12th Standard Maharashtra State Board Chapter 11 Money Exercise [Page 101]

Exercise | Q 1.1 | Page 101

Fill in the blank with appropriate alternatives given below

Medium of exchange is __________ function of money. 

  • primary

  • secondary

  • contingent

  • additional

Exercise | Q 1.2 | Page 101

Fill in the blank with appropriate alternatives given below

In the case of __________ coins, intrinsic value is less than their face value. 

  • token

  • full bodied

  • representative

  • standard

Exercise | Q 1.3 | Page 101

Fill in the blank with appropriate alternatives given below

The most liquid asset is __________. 

  • cheque

  • money

  • shares

  • debentures

Exercise | Q 1.4 | Page 101

Fill in the blank with appropriate alternatives given below

Introduction of __________ removed difficulties of barter. 

  • metals

  • bank

  • money

  • shares

Exercise | Q 1.5 | Page 101

Fill in the blank with appropriate alternatives given below

In the initial stage of development, __________ was used. 

  • credit money 

  • paper notes

  • metallic coins

  • commodity money

Exercise | Q 2 | Page 101

Match the following: 

Group A Group B
1. Near Money a. Sea Shells
2. Secondary function of money b. Double coincidence of wants
3. Commodity Money  c. Fiat money
4. Barter  d. Measure of value
5. Legal tender e. Bills of exchange  
  f. Standard of deferred payments
  g. Metallic money
Exercise | Q 3.1 | Page 101

State whether the following statement is true or false. 

Metallic coins are easily portable than paper notes. 

  • True

  • False

Exercise | Q 3.2 | Page 101

State whether the following statement is true or false.

Token coins are coins whose face value is greater than their intrinsic value. 

  • True

  • False

Exercise | Q 3.3 | Page 101

State whether the following statement is true or false.

Money facilitates estimation of national income. 

  • True

  • False

Exercise | Q 3.4 | Page 101

State whether the following statement is true or false.

A cheque is a fiat money. 

  • True

  • False

Exercise | Q 3.5 | Page 101

State whether the following statement is true or false.

Money increases productivity of capital. 

  • True

  • False

Exercise [Page 101]

Micheal Vaz solutions for Economics HSC 12th Standard Maharashtra State Board Chapter 11 Money Exercise [Page 101]

Exercise | Q 1.1 | Page 101

Define or explain following concept: 

Barter system 

Exercise | Q 1.2 | Page 101

Define or explain following concept: 

Double coincidence of wants

Exercise | Q 1.3 | Page 101

Define or explain following concept: 

Money 

Exercise | Q 1.4 | Page 101

Define or explain following concept: 

 Near money 

Exercise | Q 1.5 | Page 101

Define or explain following concept: 

Limited legal tender 

Exercise | Q 2.1 | Page 101

Give reason or explain. 

Money works as a store of value. 

Exercise | Q 2.2 | Page 101

Give reason or explain. 

Any commodity cannot act as money. 

Exercise | Q 2.3 | Page 101

Give reason or explain. 

Barter System had many difficulties.

Exercise | Q 2.4 | Page 101

Give reason or explain. 

Money is the basis of credit. 

Exercise [Pages 101 - 102]

Micheal Vaz solutions for Economics HSC 12th Standard Maharashtra State Board Chapter 11 Money Exercise [Pages 101 - 102]

Exercise | Q 1.1 | Page 101

Distinguish between -
Commodity money and metallic money

Exercise | Q 1.2 | Page 101

Distinguish between 
Paper money and metallic coins 

Exercise | Q 1.3 | Page 101

Distinguish between 
Full bodied money and token coins 

Exercise | Q 1.4 | Page 101

Distinguish between 
Primary functions of money and Secondary functions of money.

Exercise | Q 1.5 | Page 101

Distinguish between 
Convertible paper money and inconvertible paper money

Exercise | Q 2.1 | Page 102

Write Short Note.

Commodity money 

Exercise | Q 2.2 | Page 102

Write Short Note.

Secondary function of money 

Exercise | Q 2.3 | Page 102

Write Short Note.

Qualities of good money

Exercise [Page 102]

Micheal Vaz solutions for Economics HSC 12th Standard Maharashtra State Board Chapter 11 Money Exercise [Page 102]

Exercise | Q 1 | Page 102

Answer the following question
What are the contingent functions of money? 

Exercise | Q 2 | Page 102

Answer the following question
What are the different types of money? 

Exercise [Page 102]

Micheal Vaz solutions for Economics HSC 12th Standard Maharashtra State Board Chapter 11 Money Exercise [Page 102]

Exercise | Q 1 | Page 102

State with reason whether you agree or disagree with the following statement.
Barter System did not have any difficulty.

Exercise | Q 2 | Page 102

State with reason whether you agree or disagree with the following statement.

Anything can function as money. 

Exercise | Q 3 | Page 102

State with reason whether you agree or disagree with the following statement.
Money performs various functions. 

Exercise [Page 102]

Micheal Vaz solutions for Economics HSC 12th Standard Maharashtra State Board Chapter 11 Money Exercise [Page 102]

Exercise | Q 1 | Page 102

Answer in detail -
Explain primary, secondary and contingent functions of money.

Chapter 11: Money

Exercise
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Economics HSC 12th Standard Maharashtra State Board - Shaalaa.com

Micheal Vaz solutions for Economics HSC 12th Standard Maharashtra State Board chapter 11 - Money

Micheal Vaz solutions for Economics HSC 12th Standard Maharashtra State Board chapter 11 (Money) include all questions with solution and detail explanation. This will clear students doubts about any question and improve application skills while preparing for board exams. The detailed, step-by-step solutions will help you understand the concepts better and clear your confusions, if any. Shaalaa.com has the Maharashtra State Board Economics HSC 12th Standard Maharashtra State Board solutions in a manner that help students grasp basic concepts better and faster.

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Concepts covered in Economics HSC 12th Standard Maharashtra State Board chapter 11 Money are Meaning of Money, Type of Money, Function of Money - Primary Function, Function of Money - Secondary Functions, Standard of Deferred Payment, Standard of Transfer Payment, Money - Store of Value, Concept of Barter Exchange, Difficulties Involved in the Barter Exchange, Monetary Payments, Concept of Good Money.

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