MOCK • NCERT Class 10Medium

NCERT Class 10 Economics Chapter 3 Money and Credit Test Mock Test

This free online test covers Chapter 3, Money and Credit, from the NCERT Class 10 Understanding Economic Development textbook. The 32 questions are written directly from the chapter — definitions, processes, worked examples and the points the book italicises — so a score here tells you how much of the chapter actually stuck, not how well you guess. Each answer carries an explanation that says why the right option is right and why the other three fail, which is where most of the learning happens. Attempt it after your first read of the chapter, then again before the exam. There is no negative marking, and you can review the full solution the moment you submit.

Duration

32 mins

Questions

32 MCQs

Total Marks

32 pts

Negative

0 per wrong

Topics Covered in This Paper

Economics
32 Qs100%

Sample Questions

Q1.Double coincidence of wants is described as an essential feature of:

  • AThe modern banking system based on demand deposits
  • BA barter system, where goods are directly exchanged without the use of money
  • CAn economy in which money serves as a medium of exchange
  • DAny credit arrangement involving collateral

Q2.In the example used in the chapter, a shoe manufacturer who wants wheat is helped by money because he then needs only to:

  • AFind a wheat growing farmer who also wants to buy shoes
  • BFind a buyer for his shoes, and afterwards purchase wheat or any other commodity in the market
  • CWait until the price of wheat falls below the price of shoes
  • DPersuade the farmer to accept shoes as a deposit

Q3.Before the introduction of coins, the objects used as money in India from the very early ages were:

  • ADemand deposits with traders
  • BPaper notes issued by rulers
  • CCowrie shells alone
  • DGrains and cattle

Before you begin

6 quick notes

The test will auto-submit when the timer runs out.

Each correct answer carries +1 marks.

Each wrong answer carries -0 marks.

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Disclaimer: The questions provided here are extracted and digitized from previous year papers using automated processes. They may contain typographical errors, formatting issues, or minor variations from the actual examination paper. While we have done our best to verify the accuracy of the official answer keys, discrepancies may occasionally exist. Please refer to the official commission website for the most authentic paper.

Timer starts immediately and keeps running even if you close the tab. Make sure you have 32 uninterrupted minutes.

FAQ

Frequently asked questions

Frequently Asked Questions

How many questions are in the NCERT Class 10 Economics Chapter 3 Money and Credit Test mock test?
This paper has 32 multiple-choice questions carrying 32 marks in total, to be attempted in 32 minutes.
Is the NCERT Class 10 Economics Chapter 3 Money and Credit Test mock test free to attempt?
Yes. You can attempt the full paper online for free on AI Test Planet, and see your score and correct answers immediately after submitting.
Does this paper have negative marking?
No, there is no negative marking on this paper, so an attempted guess costs you nothing.
Are solutions and explanations available?
Yes. After you submit, every question shows the correct answer with a step-by-step explanation, along with a topic-wise breakdown of your performance.