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Shraddha Kapur… (Class 12 Economics SQP 2026-27, Q9)

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EconomicsCBSE Class 12 · Sample paper, session 2026-27 · 1 mark · MCQ

CBSE Class 12 Economics sample paper 2026-27: question 9

From the official CBSE sample question paper for 2026-27, section A, question 9, for 1 mark. Try it first; the hints and our step-by-step solution are below.

Q9 · 1 mark · MCQCompetency-basedMoney and Banking

Shraddha Kapur initially lived in a barter-based system where exchanging goods was difficult owing to practical problems. After the introduction of money, she could easily buy goods using currency and repay her loan in fixed instalments over time. This change made transactions easier and future payments reliable.
The functions of money highlighted in the above text are ________ and _______. (Choose the correct option to fill up the blank)

  1. (A)Store of value and medium of exchange
  2. (B)Measure of value and standard of deferred payments
  3. (C)Medium of exchange and standard of deferred payments
  4. (D)Measure of value and store of value

Source: official sample paper from cbseacademic.nic.in (PDF). See it in the full Sample paper 2026-27.

Hints

Open one hint at a time and try again before the next.

Hint 1

Which function removes the problems of barter?

Hint 2

Which function allows future payments to be fixed in money?

Step-by-step solution

Each step shows the marks it earns, as an examiner would award them. Checked by an independent re-solve from the question paper.

  1. Using currency instead of barter to buy goods shows money as a medium of exchange.

  2. Repaying a loan in fixed instalments over time shows money as a standard of deferred payments. Option (C).

    1 mark

Answer: (C) Medium of exchange and standard of deferred payments

Where the marks are

  • Buying goods and repaying loans in instalments (1 mark)

Revise the chapter

Practise this chapterBoard-style questions from Money and Banking, one at a time, marked against the answer key and marking points.Back to the full paperSample paper 2026-27: every question, by section.

The question is transcribed from the official paper; figures are described in words. The solution, hints and chapter tag are ours. Spotted an error? Write tosupport@questionbuddy.in.