HSC Commerce 12th Board ExamMaharashtra State Board
Share
Notifications

View all notifications

Micheal Vaz solutions for 12th Board Exam Economics chapter 11 - Money

Login
Create free account


      Forgot password?

Chapters

Micheal Vaz Micheal Vaz Class 12 Economics

Micheal Vaz Class 12 Economics - Shaalaa.com

Chapter 11: Money

Exercise

Chapter 11: Money Exercise Exercise solutions [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

Chapter 11: Money Exercise Exercise solutions [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. 

Chapter 11: Money Exercise Exercise solutions [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

Chapter 11: Money Exercise Exercise solutions [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? 

Chapter 11: Money Exercise Exercise solutions [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. 

Chapter 11: Money Exercise Exercise solutions [Page 102]

Exercise | Q 1 | Page 102

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

Chapter 11: Money

Exercise

Micheal Vaz Micheal Vaz Class 12 Economics

Micheal Vaz Class 12 Economics - Shaalaa.com

Micheal Vaz solutions for 12th Board Exam Economics chapter 11 - Money

Micheal Vaz solutions for 12th Board Exam Eco 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 Micheal Vaz Class 12 Economics solutions in a manner that help students grasp basic concepts better and faster.

Further, we at Shaalaa.com provide such solutions so that students can prepare for written exams. Micheal Vaz textbook solutions can be a core help for self-study and acts as a perfect self-help guidance for students.

Concepts covered in 12th Board Exam Economics 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.

Using Micheal Vaz 12th Board Exam solutions Money exercise by students are an easy way to prepare for the exams, as they involve solutions arranged chapter-wise also page wise. The questions involved in Micheal Vaz Solutions are important questions that can be asked in the final exam. Maximum students of Maharashtra State Board 12th Board Exam prefer Micheal Vaz Textbook Solutions to score more in exam.

Get the free view of chapter 11 Money 12th Board Exam extra questions for Eco and can use Shaalaa.com to keep it handy for your exam preparation

S
View in app×