Test: Money- 1 - Class 1 MCQ

To determine how many 50 paise coins make up Rs. 5, follow these steps:

• First, convert rupees to paise:
• Rs. 5 is equal to 500 paise (since 1 rupee = 100 paise).
• Each coin is worth 50 paise.
• Now, divide the total paise by the value of one coin:
• 500 ÷ 50 = 10.

Therefore, 10 coins of 50 paise make up Rs. 5.

Pencil which is of Rs. 5 can be bought from Rs. 10 note.

50p + 50p = Rs.1.
Rs.1 + Rs.1 + Rs.2 + Rs.1 = Rs.5.

Four 50p coins makes Rs. 2.

 4 Rs. 5 coins, =? 20. 3 coins of Rs. 5 = Rs. 15. 3 coins = 
He is left with 

Money is typically categorized into two main forms:

• Notes (paper currency)
• Coins (metal or other materials)

Therefore, the correct term to complete the sentence is 'coins.'

The 15 rupee note does not exist as a standard denomination. Typically, notes are issued in denominations such as:

• 5 rupees
• 10 rupees
• 20 rupees

A 15 rupee note has never been part of official currency issuance.

  It is a 10 rupee note.

The correct answer is (d).

Explanation:

You can use the following options to buy a toy car of Rs. 50:
- Option (a): One note of Rs. 50
- Option (b): Four notes of Rs. 10 and two Rs. 5 coins

So, both (a) and (b) can be used to buy the toy car.

A 10 rupee note will be used to water colours worth Rs. 9 to purchase.