MCQ Chapter 2 Money Economics Class 11 Maharashtra Board 1. Why must money be divisible?To ensure durabilityTo facilitate small transactionsTo maintain stabilityTo enable portabilityQuestion 1 of 202. Which quality allows money to be used repeatedly?CognizabilityHomogeneityDurabilityStabilityQuestion 2 of 203. What quality makes money easily recognizable?PortabilityDivisibilityCognizabilityGeneral acceptabilityQuestion 3 of 204. What does portability of money mean?Easy to divide into unitsEasy to carry aroundEasy to store for longEasy to recognizeQuestion 4 of 205. What does homogeneity of money imply?Money is stable in valueMoney is identical in featuresMoney is easily portableMoney is widely acceptedQuestion 5 of 206. Which function of money is the medium of exchange?Contingent functionSecondary functionPrimary functionOptional functionQuestion 6 of 207. What does the measure of value function of money do?Stores wealth for futureExpresses commodity pricesTransfers value across placesFacilitates deferred paymentsQuestion 7 of 208. Which function of money aids borrowing and lending?Store of valueMedium of exchangeStandard of deferred paymentsTransfer of valueQuestion 8 of 209. How does money function as a store of value?By enabling instant paymentsBy allowing savings for futureBy measuring national incomeBy transferring value abroadQuestion 9 of 2010. According to Prof.Kinley, what is a contingent function of money?Medium of exchangeStore of valueMeasurement of national incomeStandard of deferred paymentsQuestion 10 of 2011. How does money act as a basis of credit?By enabling cashless transactionsBy providing a liquid base for creditBy storing value for futureBy measuring commodity valuesQuestion 11 of 2012. Why is money the most liquid asset?It is divisible into smaller unitsIt is stable in valueIt converts easily to other assetsIt is stored for long periodsQuestion 12 of 2013. What is black money?Money stored in banksTax-evaded unaccounted moneyMoney used in digital transactionsMoney issued by the governmentQuestion 13 of 2014. What is a tool to control black money?Credit creationDigital transactionsDemonetizationPaper money issuanceQuestion 14 of 2015. What system is illustrated by exchanging coal for foodgrains?Commodity moneyPlastic moneyBarter systemElectronic moneyQuestion 15 of 2016. What type of money is deposited in a nationalized bank?Metallic coinsBank moneyPaper moneyPlastic moneyQuestion 16 of 2017. What type of money is a debit card used for purchasing?Electronic moneyPaper moneyPlastic moneyMetallic moneyQuestion 17 of 2018. What concept is shown when an agent accepts cash without a receipt?Credit moneyBlack moneyLegal tender moneyElectronic moneyQuestion 18 of 2019. What type of money is a ₹10 coin used for a bus ticket?Paper moneyCredit moneyToken coinElectronic moneyQuestion 19 of 2020. What type of money is offered as cash at a billing counter?Bank moneyPlastic moneyElectronic moneyPaper moneyQuestion 20 of 20 Loading...
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