Solved UPSC CDS/OTA Question
A solved UPSC CDS/OTA PYQ — decoded step-by-step.
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Q · Money and Types of MoneyMedium · 45s
Q₁₅. Representative money is best described as:
TopicMoney and Types of Money
Question Typemultiple choice
DifficultyMedium
Marking+1 / −0.33
Test Duration30 min
Step-by-Step Solution
The complete worked solution.
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Representative money can be exchanged for a commodity like gold.
Final Answer: Option B — No intrinsic value but fully backed by commodity reserves