Question

7. Which one of the following is not the function of money ?
(1) Medium of exchange
(2) Store of value
(3) Allocation of resources
(4) Money as a unit of measurement
निम्न में से कौन मुद्रा का कार्य नहीं है ?
(1) विनिमय का माध्यम
(2) मूल्य का भण्डार
(3) संसाधनों का आवंटन
(4) मूल्य नापने की इकाई
8. The contribution of agriculture to India's economy is :
a)constant
b)increasing
c) decreasing
d)none of these
​

Answer 1

7) The correct answer is :

(3) Allocation of resources

8) The correct answer is :

(c) decreasing

Answer 2

Answer:

7. (3) Allocation of resources

not a function of money

8. (b) decreasing

Explanation:

7. There are four functions of money-

• medium of exchange
• store of value
• unit of measurement
• standard of deferred payment.

Hence , allocation of resources is not a function of money.

• 8. Since the Independence era, manufacturing and services have been giving large contributions to the GDP.
• Although the production due to agriculture has considerably increased with times, the expansion of manufacturing and services sector has seen a drastic boom.

• GDP( gross domestic production) - It is the measure of the total domestic production within the geographical boundaries of a nation.

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