Advertisements
Online Mock Tests
Chapters
![Balbharati solutions for Economics [English] 11 Standard chapter 2 - Money - Shaalaa.com](/images/economics-english-11-standard_6:f3883d08a8314767a7faecc361d5fe67.JPG "Balbharati solutions for Economics [English] 11 Standard chapter 2 - Money")
Advertisements
Solutions for Chapter 2: Money
Below listed, you can find solutions for Chapter 2 of Maharashtra State Board Balbharati for Economics [English] 11 Standard.
Balbharati solutions for Economics [English] 11 Standard 2 Money Exercise Q.1 [Page 13]
Complete the correlation:
Primary function of money : Medium of exchange :: _____________ : Transfer of value.
Complete the correlation
_________ : Basis of Credit :: Secondary function of money : Standard of deferred payments.
Complete the correlation
Commodity money : Shells ::__________ : Credit card.
Complete the correlation
Divisibility : Smaller denominations :: __________ Easy to carry from one place to another
Complete the correlation
Barter system : Goods :: Modern economy :________
Balbharati solutions for Economics [English] 11 Standard 2 Money Exercise Q.2 [Page 13]
Suggest an economic term for the given statement:
The act of exchanging goods for goods - _________
Suggest an economic term for the given statement:
Provision for making payments in future- ________
Suggest an economic term for the given statement:
A system that makes use of currency for facilitating payments - _________
Suggest an economic term for the given statement:
Credit instrument through which bank deposits are transferable - _________
Suggest an economic term for the given statement:
Monetary value stored and transferred electronically by means of computer hard drive or servers - _________
Suggest an economic term for the given statement:
Money not accounted for in the bank and not disclosed to the government -________
Balbharati solutions for Economics [English] 11 Standard 2 Money Exercise Q.3 [Page 13]
Choose the correct option:
Arrange in the order of evolution of money
- Metallic money
- Animal money
- Metallic coins
- Commodity money
a, b, c, d
b, d, a, c
d, c, a, b
c, a, b, d.
Choose the correct option:
Arrange in the order of evolution of money
- Plastic money
- Paper money
- Electronic money
- Credit money
b, d, a, c
a, b, c, d
d, c, b, a
c, b, a, d.
Balbharati solutions for Economics [English] 11 Standard 2 Money Exercise Q.4 [Page 13]
Identify and explain the concept from the given illustration:
Vasantsheth provides coal from his shop to farmers in exchange of food grains.
Identify and explain the concept from the given illustration:
Babanrao deposits his money in a nationalized bank.
Identify and explain the concept from the given illustration:
Charu used her debit card to purchase a shirt for her younger brother.
Identify and explain the concept from the given illustration:
Malathi purchased a house through an agent. The agent accepted the commission in cash but did not issue a receipt to her.
Identify and explain the concept from the given illustrations:
To prevent misuse/fraudulent use of the national currency, a note ban is imposed on its use at certain times.
Balbharati solutions for Economics [English] 11 Standard 2 Money Exercise Q.5 [Page 13]
State with reason whether you Agree or Disagree with the following statement:
There are no difficulties in the barter system.
Agree
Disagree
State with reason whether you Agree or Disagree with the following statement:
There are many good qualities founds in modern currency.
Agree
Disagree
State with reason whether you Agree or Disagree with the following statement:
Many tasks are accomplished by money.
Agree
Disagree
State with reason whether you agree or disagree with the following statement:
Money can be sent anywhere through electronic means.
Agree
Disagree
Balbharati solutions for Economics [English] 11 Standard 2 Money Exercise Q.6 [Page 13]
Answer the following question on the basis of the following information:
Ganesh travelled to the mall by bus. He gave the conductor ₹ 10 coins for the ticket. He purchased many commodities from the mall.
At the billing counter, he gave his credit card for payment but the billing clerk informed him that only debit cards were accepted. Since Ganesh had forgotten his debit card at home, he offered to make payment in cash.
1) Identify the types of money used in the information.
2) Explain any two of them.
Solutions for 2: Money
Balbharati solutions for Economics [English] 11 Standard chapter 2 - Money
Shaalaa.com has the Maharashtra State Board Mathematics Economics [English] 11 Standard Maharashtra State Board solutions in a manner that help students grasp basic concepts better and faster. The detailed, step-by-step solutions will help you understand the concepts better and clarify any confusion. Balbharati solutions for Mathematics Economics [English] 11 Standard Maharashtra State Board 2 (Money) include all questions with answers and detailed explanations. This will clear students' doubts about questions and improve their application skills while preparing for board exams.
Further, we at Shaalaa.com provide such solutions so students can prepare for written exams. Balbharati textbook solutions can be a core help for self-study and provide excellent self-help guidance for students.
Concepts covered in Economics [English] 11 Standard chapter 2 Money are Money, Types of Money, Introduction to Money, Barter System, Definitions of Money, Evolution of Money, Qualities of Money, Functions of Money, Concept of Black Money.
Using Balbharati Economics [English] 11 Standard solutions Money exercise by students is an easy way to prepare for the exams, as they involve solutions arranged chapter-wise and also page-wise. The questions involved in Balbharati Solutions are essential questions that can be asked in the final exam. Maximum Maharashtra State Board Economics [English] 11 Standard students prefer Balbharati Textbook Solutions to score more in exams.
Get the free view of Chapter 2, Money Economics [English] 11 Standard additional questions for Mathematics Economics [English] 11 Standard Maharashtra State Board, and you can use Shaalaa.com to keep it handy for your exam preparation.
