All questions of Money for Grade 1 Exam

Answer:

To buy a toy car of Rs. 50, we can use either a single note of Rs. 50 or a combination of smaller denominations that add up to Rs. 50. Option (a) and (b) provide two such combinations.

(a) One note of Rs. 50:

This is the simplest and easiest way to buy the toy car. We just need to give the shopkeeper a single note of Rs. 50 and we will get the car. This method requires only one transaction and one piece of currency.

(b) Four notes of Rs. 10 and two Rs. 5 coins:

This is another way to buy the toy car. We can give the shopkeeper four notes of Rs. 10 and two coins of Rs. 5 each. This method requires five transactions (giving four notes and two coins) and six pieces of currency (four notes and two coins). However, it is still a valid way to buy the toy car.

Therefore, option (d) is the correct answer as it includes both options (a) and (b) as valid ways to buy the toy car of Rs. 50.

Remaining Money Calculation:
Mohan initially had 4 Rs. 5 coins, and he gave 3 of them to buy a toy. To find out how much money he is left with, we need to subtract the amount he spent from the total amount he initially had.

Calculation:
Total amount initially = 4 Rs. 5 coins = 4 * Rs. 5 = Rs. 20
Amount spent = 3 Rs. 5 coins = 3 * Rs. 5 = Rs. 15
Remaining money = Total amount initially - Amount spent = Rs. 20 - Rs. 15 = Rs. 5

Answer Explanation:
Therefore, Mohan is left with Rs. 5 after giving away 3 Rs. 5 coins to buy a toy. Hence, the correct answer is option 'D' (Rs. 5).

Counting Money in Terms of Coins

Introduction:
In India, money is counted in terms of notes and coins. While notes are used for larger denominations, coins are used for smaller denominations.

Coins:
Coins are small, round, and metallic objects that are issued by the government as a form of currency. They come in different shapes, sizes, and denominations.

Denominations:
Coins are issued in denominations of 50 paise, 1 rupee, 2 rupees, 5 rupees, and 10 rupees. The 50 paise coin is no longer in circulation and has been replaced by the 1 rupee coin.

Value:
The value of coins is determined by their denominations. For example, a 1 rupee coin has a value of 1 rupee, a 2 rupee coin has a value of 2 rupees, and so on.

Counting:
When counting coins, it is important to sort them by their denominations first. Then, they can be counted by grouping them in piles of ten. For example, ten 1 rupee coins make a pile of 10 rupees.

Conclusion:
In conclusion, coins are an important part of the Indian currency system and are used for smaller denominations. They are counted by sorting them by their denominations and grouping them in piles of ten.