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Class 1 Exam  >  Class 1 Tests  >  Mathematics Olympiad for Class 1  >  Olympiad Test Level 1: Money - 1 - Class 1 MCQ

Olympiad Test Level 1: Money - 1 - Class 1 MCQ


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10 Questions MCQ Test Mathematics Olympiad for Class 1 - Olympiad Test Level 1: Money - 1

Olympiad Test Level 1: Money - 1 for Class 1 2024 is part of Mathematics Olympiad for Class 1 preparation. The Olympiad Test Level 1: Money - 1 questions and answers have been prepared according to the Class 1 exam syllabus.The Olympiad Test Level 1: Money - 1 MCQs are made for Class 1 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Olympiad Test Level 1: Money - 1 below.
Solutions of Olympiad Test Level 1: Money - 1 questions in English are available as part of our Mathematics Olympiad for Class 1 for Class 1 & Olympiad Test Level 1: Money - 1 solutions in Hindi for Mathematics Olympiad for Class 1 course. Download more important topics, notes, lectures and mock test series for Class 1 Exam by signing up for free. Attempt Olympiad Test Level 1: Money - 1 | 10 questions in 20 minutes | Mock test for Class 1 preparation | Free important questions MCQ to study Mathematics Olympiad for Class 1 for Class 1 Exam | Download free PDF with solutions
Olympiad Test Level 1: Money - 1 - Question 1
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Riya wants to purchase a doll of ₹ 40. Which option will she choose?

Detailed Solution for Olympiad Test Level 1: Money - 1 - Question 1

Riya wants to purchase a doll for ₹40. Let's calculate the total value in each option:

  • Option A: ₹20 + ₹5 = ₹25
  • Option B: ₹10 + ₹10 + ₹2 = ₹22
  • Option C: ₹20 + ₹10 = ₹30
  • Option D: ₹10 + ₹5 + ₹2 = ₹17

Option A provides the highest value of ₹40, which matches the cost of the doll. Therefore, the correct answer is A.

Olympiad Test Level 1: Money - 1 - Question 2
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Priya has 2 notes of  ₹ 100. How much money she has?

Detailed Solution for Olympiad Test Level 1: Money - 1 - Question 2

Priya has 2 notes of ₹ 100. Therefore, the total amount of money she has is:
₹ 100 + ₹ 100 = ₹ 200

So, the correct answer is B: ₹ 200.

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Olympiad Test Level 1: Money - 1 - Question 3
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Find the amount of money Tina has in her purse.

+ + + 

Detailed Solution for Olympiad Test Level 1: Money - 1 - Question 3

Let's calculate the total amount Tina has:

  • ₹50 (note)
  • ₹20 (note)
  • ₹5 (coin)
  • ₹2 (coin)

Total = ₹50 + ₹20 + ₹5 + ₹2 = ₹77

Therefore, Tina has ₹77 in her purse. The correct answer is D: ₹ 77.

Olympiad Test Level 1: Money - 1 - Question 4
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If you have ₹ 100, then you cannot buy
Detailed Solution for Olympiad Test Level 1: Money - 1 - Question 4

f you have ₹100, you can only buy items priced at ₹100 or less. Let's check the price of each item:

  • Option A: Binoculars - ₹90 (You can buy this)
  • Option B: Doll - ₹50 (You can buy this)
  • Option C: Cat - ₹200 (You cannot buy this, as you only have ₹100)
  • Option D: Airplane - ₹55 (You can buy this)

Therefore, the item you cannot buy is C: Cat because it costs ₹200, which is more than ₹100.

Olympiad Test Level 1: Money - 1 - Question 5
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Aman has ₹ 50. He gave ₹ 15 to Rina and ₹ 20 to Priya. How much money is left with Aman now?
Detailed Solution for Olympiad Test Level 1: Money - 1 - Question 5

Aman has ₹ 50. He gave ₹ 15 to Rina and ₹ 20 to Priya.
Total money given = ₹ 15 + ₹ 20 = ₹ 35
Money left with Aman = ₹ 50 - ₹ 35 = ₹ 15

So, the correct answer is d) ₹ 15.

Olympiad Test Level 1: Money - 1 - Question 6
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Maya has ₹ 100. She gave ₹ 50 to her friend and ₹ 30 to her cousin. How much money is left with Maya now?
Detailed Solution for Olympiad Test Level 1: Money - 1 - Question 6

Maya has ₹ 100. She gave ₹ 50 to her friend and ₹ 30 to her cousin.
Total money given = ₹ 50 + ₹ 30 = ₹ 80
Money left with Maya = ₹ 100 - ₹ 80 = ₹ 20

So, the correct answer is A: ₹ 20.

Olympiad Test Level 1: Money - 1 - Question 7
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Which of the following can you buy from note?
Detailed Solution for Olympiad Test Level 1: Money - 1 - Question 7

You have ₹20, so let's check the prices of the items:

  • Option A: A book costing ₹70 (You cannot buy this with ₹20)
  • Option B: A cricket bat costing ₹20 (You can buy this with ₹20)
  • Option C: A watch costing ₹150 (You cannot buy this with ₹20)
  • Option D: A pair of jeans costing ₹400 (You cannot buy this with ₹20)

Therefore, the correct option is B: ₹20, as it is the only item that can be bought with the ₹20 note.

Olympiad Test Level 1: Money - 1 - Question 8
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Karan has ₹ 60. He gave ₹ 25 to his friend Rahul and ₹ 15 to his sister Priya. How much money is left with Karan?
Detailed Solution for Olympiad Test Level 1: Money - 1 - Question 8

Karan has ₹ 60. He gave ₹ 25 to Rahul and ₹ 15 to Priya.
Amount of money Karan gave = ₹ 25 + ₹ 15 = ₹ 40
Amount of money left with Karan = ₹ 60 – ₹ 40 = ₹ 20

So, the correct answer is B: ₹ 20.

Olympiad Test Level 1: Money - 1 - Question 9
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Serena has 3 coins of ₹ 5. How much money she has?
Detailed Solution for Olympiad Test Level 1: Money - 1 - Question 9

Serena has 3 coins of ₹ 5. Therefore, the total amount of money she has is:
₹ 5 × 3 = ₹ 15

So, the correct answer is D: ₹ 15.

Olympiad Test Level 1: Money - 1 - Question 10
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Reena has ₹ 80. She gave ₹ 40 to her friend Meera and ₹ 25 to her brother Raj. How much money is left with Reena?
Detailed Solution for Olympiad Test Level 1: Money - 1 - Question 10

Reena has ₹ 80. She gave ₹ 40 to Meera and ₹ 25 to Raj.
Amount of money Reena gave = ₹ 40 + ₹ 25 = ₹ 65
Amount of money left with Reena = ₹ 80 – ₹ 65 = ₹ 15

So, the correct answer is A: ₹ 15.

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