Grade 8- Money Matters

The figure shows the budget plan. What will be his income in the month of March? (Use the following table to deduce the result)

• January

• February

• March

• Data Insufficient

A certain amount of money was divided among Ram and Madhav in the ratio of 2:3 and if Madhav gets Rs. 500 more than Ram, then what is the total amount both have?

• 3000

• 2500

• 2000

• 1000

Arjun purchases his school books for the upcoming grade. He has to pay 1500 for the biology book, 1000 Rs for the poetry book, and 1500 Rs for the math book. If the sales tax is 3/40 of the total cost, then how much tax will Arjun pay?

• 200

• 250

• 350

• 300

Tuition for Rai university costs Rs 24,000 per year. Azhar would like to attend and plans on saving for the next 2 years. If he already has 12000 Rs saved, what is the minimum amount needed to save per month to cover one year of tuition?

• Rs 1000/month

• Rs 500/month

• Rs 600/month

• Rs 300/month

What is RuPay debit card?

• International debit card

• Domestic debit card

• Accepted at all ATMs

• Both b and c

Currency notes are issued by

• NABARD

• RBI

• Public Sector Banks

• Central Government

What is true about educational loans?

a)

• Cover tuition fees & expenses

• Are repayable after completion of the course

• Granted for studies in India and abroad

• All of above

Which type of deposit earns a higher interest rate?

• Savings account

• Current account

• Fixed deposits

• None of the above

What is the full form of NEFT?

• National electric fund transfer

• National electronic fund transfer

• National electrical fund transfer

• None of the above

By selling an article for Rs 240, a man makes a profit of 20%. What is his C.P.? What would his profit percent be if he sold the article for Rs 275?

• 37 %

• 63%

• 20 %

• 48 %