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Total questions: 150

Worksheet time: 1hrs 19mins

Name
Class
Date
1.

Q.9 Choose the Indian currency coins which are not in use now- a-days?

a)
b)
c)
d)
2.

Q.8 Answer with "YES" or "NO": [1] Can you make Rs. 23 with 3 coins?

a)

YES

b)

NO

3.

Q.7 Fill in the blanks: [1] How many coins or notes of Rs. 10 make Rs. 30?

(a)  

4.

Q.2 How much money does Rs. 20 + Rs. 10 make? Choose the correct answer.

a)

Rs. 20

b)

Rs. 40

c)

Rs. 30

d)

Rs. 10

5.

Q.3 Add and find the cost of a toy ? Rs.2 + Rs. 10 +0.50 paise

a)

Rs. 12.50

b)

Rs.50

c)

Rs. 10.50

d)

Rs. 2

6.

Q 6. Neha went to see a movie. The ticket cost Rs. 90/-, and Neha also spent Rs.50/- at the snack bar. How much money did she spend at the movie theater?

a)

Rs.50

b)

Rs. 140

c)

Rs. 90

d)

Rs.500

7.

You buy a piece of cake that costs

Rs. 25/- and pay with Rs. 30. What is your change?

a)

Rs.2

b)

Rs.7

c)

Rs. 3

d)

Rs.5

8.

Q.4 The word Rupee is derived from

a)

Sanskrit

b)

Hindi

c)

Tamil

d)

Urdu

9.

Q.1 How many 25 paise coins for a rupee ?

a)

2 coins

b)

3 coins

c)

4 coins

d)

1 coin

10.

What is the symbol of rupee?

a)

#

b)

₹

c)

$

d)

¢

11.

Five notes of ₹100 make ₹ ______ .

a)

₹ 500

b)

₹ 100

c)

₹ 300

d)

₹ 200

12.

₹ 2 - 50 p = _____

a)

₹ 2

b)

₹ 2 and 50 p

c)

₹ 1 and 50 p

d)

₹ 1

13.

₹ 1 + 50 p + 50 p = ₹ ______

a)

₹ 6

b)

₹ 2

c)

₹ 4

d)

₹ 3

14.

25 p + 25 p + 25 p = ______ p

a)

75 p

b)

50 p

c)

25 p

d)

100 p

15.

To convert RUPEES into PAISE , We always multiply RUPEES by

a)

5

b)

10

c)

100

d)

1000

16.

How many 50 paise coins do we need to make ₹10

a)

100 coins

b)

20 coins

c)

10 coins

d)

30 coins

17.

How many 25paise coins make ₹4.

a)

12 coins

b)

10 coins

c)

20 coins

d)

16 coins

18.

85 rupees and 7 paise=________

a)

₹85.70

b)

₹85.07

c)

₹8.57

d)

₹8.75

19.

Manasvini went to shop to buy stationary for her school project. She bought colour which is of ₹ 45, stencil of ₹15, charts of ₹ 20 and ribbons of ₹15. Find the total amount she spent?

a)

₹90

b)

₹95

c)

₹100

d)

₹ 98

20.

Surekha bought a toy for ₹ 342.75. She gave ₹500 to the shopkeeper. How much money did the shopkeeper return to Surekha?

a)

₹144.00

b)

₹141.00

c)

₹ 244.75

d)

₹157.25

21.

Full form of ₹106.75 is ______ .

a)

One hundred six rupees and seven five paise.

b)

One hundred sixty ruppees and seventy five paise.

c)

One hundred six rupees and seventy five paise.

d)

One hundred sixty rupees and seven five paise.

22.

₹10.65 - ₹7.20 =₹_______

a)

₹3.45

b)

₹17.85

c)

₹13.40

d)

₹30.45

23.

Write ₹ 98.05 in rupees and paise.

a)

Ninty eight rupees and fifty paise

b)

Ninty eight rupees and five paise.

c)

Ninety eight rupees and fifty paise.

d)

Ninety eight rupees and five paise.

24.

₹125.05 + ₹24.50=₹________.

a)

₹145.50

b)

₹365.05

c)

₹149.50

d)

₹149.55

25.

₹489 + ₹ 32 =

a)

₹ 542

b)

₹521

c)

₹ 643

d)

₹ 411

26.

Five 50paise coins make ________.

a)

₹ 2.00

b)

₹ 2.05

c)

₹ 2.50

d)

₹ 1.50

27.

Choose 200 rupee note from the options given below.

a)
b)
c)
d)
28.

₹ 1 = ______ paise.

a)

200

b)

1000

c)

100

d)

50

29.

What is the currency in India known as?

a)

Dollar

b)

Pound

c)

Rupee

d)

Taka

30.

Add :- 40 rupees + 60 rupees =

a)

50 rupees

b)

90 rupees

c)

100 rupees

31.

Is money that something that we earn??

a)

Yes

b)

No

32.

What are the 2 sides of a coin called as?

a)

Heads and tress

b)

Heads and tails

c)

Front side and Reverse side

33.

Who designed the Indian currency symbol?

a)

Mahatma Gandhi

b)

Narendra Modi

c)

D. Udaya Kumar

34.

Choose 100 rupee note

a)
b)
c)
35.

Two notes of ₹ 20 make ₹ _____ .

a)

₹ 200

b)

₹ 40

c)

₹ 250

36.

Four notes of ₹100 make ₹ ______ .

a)

₹ 400

b)

₹ 100

c)

₹ 300

37.

What is the symbol of rupee?

a)

#

b)

₹

c)

$

38.

The Currency of India is

a)

Rupee

b)

Ruppe

c)

Ruppee

39.

A Currency is

a)

The money of a Country

b)

Notes and coins

c)

Sticks and stones

40.

Rahul brought a cake for ₹ 35. He gave ₹ 50 to the shopkeeper. How much change will he get back ?

a)

₹ 5

b)

₹ 25

c)

₹ 15

d)

₹ 35

41.

Is money that something that we earn??

a)

Yes

b)

No

42.

Sam had ₹80.He purchased a pen for ₹45.How much money was left with him?

a)

Rupees 45

b)

Rupees 35

c)

Rupees 25

d)

Rupees 55

43.

Which of the following note does not exist in Indian currency?

a)

Rupees 10

b)

Rupees 50

c)

Rupees 1000

d)

Rupees 2000

44.

1175 paise = __________ rupees

a)

117.5 rupees

b)

1.175 rupees

c)

11.75 rupees

d)

0.1175 rupees

45.

Choose 1 rupee.

a)
b)
c)
46.

Choose 100 rupee note

a)
b)
c)
47.

Rahul brought a cake for ₹ 35. He gave ₹ 50 to the shopkeeper. How much change will he get back ?

a)

₹ 5

b)

₹ 25

c)

₹ 15

d)

₹ 35

48.

Two notes of ₹ 20 make ₹ _____ .

a)

₹ 200

b)

₹ 2

c)

₹ 250

d)

₹ 40

49.

Four notes of ₹100 make ₹ ______ .

a)

₹ 400

b)

₹ 100

c)

₹ 300

d)

₹ 200

50.

What is the symbol of rupee?

a)

#

b)

₹

c)

$

51.

The Currency of India is

(a)  

52.

A Currency is

a)

The money of a Country

b)

Notes and coins

c)

Sticks and stones

d)

Curry

53.

₹ 2 - 50 p = _____

a)

₹ 2

b)

₹ 2 and 50 p

c)

₹ 1 and 50 p

d)

₹ 1

54.

₹ 1 + 50 p + 50 p = ₹ ______

a)

₹ 4

b)

₹ 3

c)

₹ 6

d)

₹ 2

55.

25 p + 25 p + 25 p + 25 p = ₹ ______

a)

₹ 1

b)

₹ 2

c)

₹ 3

d)

₹ 100

56.

50 p + 25 p = ______ p

a)

100 p

b)

75 p

c)

50 p

d)

25 p

57.

25 p + 25 p + 25 p = ______ p

a)

25 p

b)

50 p

c)

75 p

d)

100 p

58.

25 p + 25 p = ______ p

a)

50 p

b)

75 p

c)

₹ 1

d)

100 p

59.

₹ 1 = ______ paise

a)

1000 p

b)

100 p

c)

200 p

d)

10 p

60.

Rupees 21 and 8 paise can be written as:

a)

₹ 12.8

b)

₹ 21.08

c)

₹ 21.8

61.

Add :- 40 rupees + 60 rupees =

a)

10 rupees

b)

50 rupees

c)

100 rupees

62.

Which Indian Freedom fighters image is there on all notes of India?

a)

Jawaharlal Nehru

b)

Mahatma Gandhi

c)

Raja Ram Mohan Roy

63.

₹ 1 = ______ paise

a)

1000 paise

b)

100 paise

c)

10 paise

64.

What is the total amount of money given above

a)

Rs 75

b)

Rs 73

c)

Rs 76

65.

Sam had ₹80.He purchased a pen for ₹45.How much money was left with him?

a)

Rupees 45

b)

Rupees 35

c)

Rupees 25

66.

Which of the following note does not exist in Indian currency?

a)

Rupees 10

b)

Rupees 2000

c)

Rupees 1000

67.

Who designed the Indian currency symbol?

a)

Mahatma Gandhi

b)

D. Udaya Kumar

c)

Narendra Modi

68.

Choose 200 rupee note

a)
b)
c)
69.

Rahul brought a cake for ₹ 35. He gave ₹ 50 to the shopkeeper. How much change will he get back ?

a)

₹ 5

b)

₹ 25

c)

₹ 15

70.

Two notes of ₹ 20 make ₹ _____ .

a)

₹ 20

b)

₹ 60

c)

₹ 40

71.

Four notes of ₹100 make ₹ ______ .

a)

₹ 400

b)

₹ 100

c)

₹ 300

72.

What is the symbol of rupee?

a)

#

b)

₹

c)

$

73.

How much is a quarter of a rupee worth?

a)

25 paise

b)

20 paise

c)

50 paise

74.

What is the Indian Currency?

a)

Dollar and nickel

b)

cents

c)

rupees and paise

75.

Who prints and manages currency in India?

a)

WHO

b)

RBI

c)

UNICEF

76.

Which Indian Freedom fighters image is posted on all notes of India. Name him...

a)

Jawaharlal Nehru

b)

Mahatma Gandhi

c)

Sonia Gandhi

d)

Raja Ram Mohan Roy

77.

What is the currency of India?

a)

Rupee

b)

Dirham

c)

Dinar

d)

Rial

78.

How many 20-rupee notes make ₹ 200?

a)

1

b)

10

c)

100

d)

1000

79.

How many 50-paise coin make ₹ 1

a)

1

b)

2

c)

3

d)

4

80.

If the cost of 1kg wheat is ₹3.50, find the cost of 2kg of wheat

a)

₹35

b)

₹7.00

c)

₹6.00

d)

₹5.00

81.

3450 paise = ---------rupees --------paise

a)

3 rupees 45 paise

b)

34 rupees 5 paise

c)

34 rupees 50 paise

d)

345 rupees

82.

Add ₹ 4.50 and 50 paise

a)

₹ 5.10

b)

₹5

c)

₹4

d)

₹4.10

83.

₹ 48.75 = --------paise

a)

48.75 paise

b)

487.5 paise

c)

4875 paise

d)

48750 paise

84.

Sam had ₹80.He purchased a pen for ₹45.How much money was left with him?

a)

Rupees 45

b)

Rupees 35

c)

Rupees 25

d)

Rupees 55

85.

Which of the following note does not exist in Indian currency?

a)

Rupees 10

b)

Rupees 50

c)

Rupees 1000

d)

Rupees 2000

86.

Who designed the Indian currency symbol?

a)

Mahatma Gandhi

b)

Indira Gandhi

c)

Narendra Modi

d)

D. Udaya Kumar

87.

1175 paise = __________ rupees

a)

117.5 rupees

b)

1.175 rupees

c)

11.75 rupees

d)

0.1175 rupees

88.

Rahul brought a cake for ₹ 35. He gave ₹ 50 to the shopkeeper. How much change will he get back ?

a)

₹ 5

b)

₹ 25

c)

₹ 15

d)

₹ 35

89.

Four notes of ₹100 make ₹ ______ .

a)

₹ 400

b)

₹ 100

c)

₹ 300

d)

₹ 200

90.

₹ 1 = ______ paise

a)

1000 p

b)

100 p

c)

200 p

d)

10 p

91.

What is the symbol of rupee?

a)

#

b)

₹

c)

$

92.
Which one is an example of Informal Source of Credit
a)
Banks
b)
Cooperative Societies
c)
Money Lender
d)
All of these
93.

What is the main source of income for banks?

a)

Interest on loans

b)

Interest on deposits

c)

Difference between the interest charged on borrowers and depositors

d)

None of these

94.

Money :

a)

(a) eliminates double-coincidence of wants

b)

(b) acts as a common measure of value

c)

(c) acts as a store of value

d)

(d) all the above

95.

SHGs help borrowers overcome the problem of lack of ______

a)

terms of credit

b)

collateral

c)

credit

d)

loan

96.

Money as a medium of exchange has removed the problem of …………. of wants.

(a)  

97.

A typical SHG has ______ members.

a)

15 to 20

b)

20 to 25

c)

25 to 30

d)

30 to 35

98.

______ and _______ credit is crucial for the country's development

a)

Accessible and affordable

b)

Timely and feasible

c)

Less and high amount of

d)

Cheap and affordable

99.

Why do banks keep a small proportion of the deposits as cash with themselves?

a)

To extend loan to the poor

b)

To extend loan facility

c)

To pay salary to their staff

d)

To pay the depositors who might come to withdraw money

100.
Debt-trap means :
a)
Ability to pay back loan
b)
Extravagance
c)
None of the above
d)
Increasing debt
101.

Since the deposits in the bank accounts can be withdrawn on demand, these deposits are called _________.

a)

Fixed deposits

b)

Demand deposits

c)

Bonds

102.

Terms of credit does not include

a)

Interest rate

b)

Collateral

c)

Cheque

d)

Mode of repayment

103.

Which one of the following is the new way of providing loans to the rural poor?

a)

Co-operative societies

b)

Traders

c)

Relatives and friends

d)

SHG's

104.

_______________________is an asset that the borrower owns and uses as a guarantee until the loan is repaid to the lender.

a)

Currency

b)

Collateral

c)

Credit Card

105.

Under Barter System the exchange of goods require ____.

a)

Double coincidence of wants

b)

A good transport system

c)

Advertising

d)

Communication


106.

Banks provide a higher rate of interest on which of the following accounts?

a)

Saving account

b)

Fixed account for long period of time

c)

Current account

d)

Fixed account for short period of time

107.

What percentage of deposits are kept as cash by the commercial banks in India?

a)

25%

b)

20%

c)

15%

d)

10%

108.

At present which form of money is increasingly used apart from paper money?

a)

(a) bitcoins

b)

(b) Metallic money

c)

(c) Plastic money

d)

(d) All the above

109.
Who is the founder of Grameen Bank of Bangladesh?
a)
Mohammad Yunus
b)
Mohammad Kasim
c)
Mohammad Tuglaq
d)
Mohammad Zakir
110.
Money can be best described as
a)
Medium of transaction
b)
Medium of exchange
c)
Deposit in Banks
d)
Payment through cheque
111.
Which one is the following is the important characteristic of modern form of currency?
a)
It is made from precious metal
b)
It is made from thing of everyday use
c)
It is authorized by commercial banks
d)
It is authorized by the Government of the country
112.
a)
$1.85
b)
$1.80
c)
$2.35
d)
$1.60
113.
a)

$1.62

b)

$0.62

c)

$2.62

d)

$2.82

114.
What is the value of these coins?
a)
31¢
b)
61¢
c)
70¢
d)
46¢
115.
What is the value of these coins?
a)
31¢
b)
27¢
c)
75¢
d)
37¢
116.
What is the value of these coins?
a)
50¢
b)
36¢
c)
27¢
d)
48¢
117.
What is the value of these coins?
a)
46¢
b)
41¢
c)
36¢
d)
 26¢
118.
How much is this?
a)
45 cents
b)
30 cents
c)
25 cents
d)
35 cents
119.
How many quarters make a dollar?
a)
5
b)
3
c)
4
d)
1
120.
What is the name of this coin?
a)
Quarter
b)
Dime
c)
Nickel
d)
Penny
121.
What is the name of this coin?
a)
Dime
b)
Quarter
c)
Penny
d)
Nickel
122.
Identify this coin
a)
Nickel
b)
Penny
c)
Dime
d)
Quarter
123.
Identify this coin
a)
Dime
b)
Quarter
c)
Nickel
d)
Penny
124.

Which one of the following is not a feature of money?

a)

Medium of exchange

b)

Lack of divisibility

c)

A store of value

d)

A unit of account

125.

Which one of the following statements is most appropriate regarding transaction made in money?

a)

it is the easiest way

b)

it is safest way

c)

it is the cheapest way

d)

it promotes trade

126.
Reserve Bank of India was nationalised on
a)
1st January 1947
b)
1st January 1948
c)
1st January 1949
d)
1st January 1960
127.
Number of Reserve Banks in a country is
a)
Two
b)
Three
c)
One
d)
Five
128.
Reserve bank of India grants loans to
a)
General public
b)
Private Companies
c)
Commercial Banks
d)
All of these
129.
Who has power to sign One rupees paper note in India?
a)
Governer of RBI
b)
President
c)
Finance Secretary
d)
Finance Minister
130.
Which one of the following is not a modern form of money?
a)
Demand deposits
b)
Paper currency
c)
Coins
d)
Precious metals
131.
Money can be best described as
a)
Medium of transaction
b)
Medium of exchange
c)
Deposit in Banks
d)
Payment through cheque
132.
Which one is the following is the important characteristic of modern form of currency?
a)
It is made from precious metal
b)
It is made from thing of everyday use
c)
It is authorized by commercial banks
d)
It is authorized by the Government of the country
133.
A financial institution which accepts deposits from public and provide loans to them.
a)
Share Market
b)
Insurance Company
c)
Banks
d)
All of these
134.
Who is the founder of Grameen Bank of Bangladesh?
a)
Mohammad Yunus
b)
Mohammad Kasim
c)
Mohammad Tuglaq
d)
Mohammad Zakir
135.
What is the form of money in medieval period?
a)
Cowries
b)
Paper Notes
c)
Metallic Coins
d)
Barter System
136.
Which one is an example of Informal Source of Credit
a)
Banks
b)
Cooperative Societies
c)
Money Lender
d)
All of these
137.
Which authority regulate and overlook the credit sysetm and economic activites in India
a)
NSSO
b)
CBI
c)
Finance Minister
d)
RBI
138.
When a person wants to sell exactly what the other person wants to buy. This situation is known as
a)
Barter System
b)
Double coincidence of wants
c)
Trading
d)
None of these
139.

Sam had ₹80.He purchased a pen for ₹45.How much money was left with him?

a)

Rupees 45

b)

Rupees 35

c)

Rupees 25

d)

Rupees 55

140.

What are the 2 sides of a coin called as?

a)

Heads and tress

b)

Heads and tails

c)

Front side and Reverse side

d)

Heads and reverse side

141.

Choose 1 rupee coin.

a)
b)
c)
142.

Choose 100 rupee note

a)
b)
c)
143.

Rahul brought a cake for ₹ 35. He gave ₹ 50 to the shopkeeper. How much change will he get back ?

a)

₹ 5

b)

₹ 25

c)

₹ 15

d)

₹ 35

144.

Two notes of ₹ 20 make ₹ _____ .

a)

₹ 200

b)

₹ 2

c)

₹ 250

d)

₹ 40

145.

₹ 1 = ______ paise

a)

1000 p

b)

100 p

c)

200 p

d)

10 p

146.

What is the symbol of rupee?

a)

#

b)

₹

c)

$

147.

Which Indian Freedom fighters image is there on all notes of India?

a)

Jawaharlal Nehru

b)

Mahatma Gandhi

c)

Sonia Gandhi

d)

Raja Ram Mohan Roy

148.

What is the symbol of Paisa/Paise?

a)

$

b)

₹

c)

#

d)

P

149.

Abhay has 2 coins of 50 paise. How much is that in rupees?

[ Hint: 50 paise + 50 paise = Paise ( ? ) = rupee ( ? )

a)

2 rupees

b)

1 rupee

c)

3 paise

d)

4 rupees

150.

1 rupee = ?

a)

100 paise

b)

50 paise

c)

100 rupees

d)

None of these

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