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 Page 1


M E
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49
 
Money
(Refer to the chapter # 6 and 12 of the NCERT Maths Book of Class IV)
Summary
• We need MONEY to buy things.
• Indian money is expressed in Rupees (?) and Paisa (p).
 ?1 = 100 paise
• Paise come in the form of coins. Earlier we had 10 p, 20 p, 25 p and  
50 p  coins.
• Rupees come in the form of coins and notes.
Page 2


M E
N
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L
M
A
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49
 
Money
(Refer to the chapter # 6 and 12 of the NCERT Maths Book of Class IV)
Summary
• We need MONEY to buy things.
• Indian money is expressed in Rupees (?) and Paisa (p).
 ?1 = 100 paise
• Paise come in the form of coins. Earlier we had 10 p, 20 p, 25 p and  
50 p  coins.
• Rupees come in the form of coins and notes.
50
M E
N
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A
L
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S
Tutty speaks
  All notes have different colour 
  combinations.
   Did you notice? ?5 and ?10 are available in 
   the form of coin and note.
• ?47.25 means   ?47 and 25p.
Tutty speaks
   ? is always written before the money value. 
   p is always written after the money value.
Questions
1. Fill in the blanks:
(i) ?5 =  p
(ii) ?12 =  p
(iii) ?  = 1100 p
(iv) ?  = 3500 p
Page 3


M E
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M
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49
 
Money
(Refer to the chapter # 6 and 12 of the NCERT Maths Book of Class IV)
Summary
• We need MONEY to buy things.
• Indian money is expressed in Rupees (?) and Paisa (p).
 ?1 = 100 paise
• Paise come in the form of coins. Earlier we had 10 p, 20 p, 25 p and  
50 p  coins.
• Rupees come in the form of coins and notes.
50
M E
N
T
A
L
M
A
T H
S
Tutty speaks
  All notes have different colour 
  combinations.
   Did you notice? ?5 and ?10 are available in 
   the form of coin and note.
• ?47.25 means   ?47 and 25p.
Tutty speaks
   ? is always written before the money value. 
   p is always written after the money value.
Questions
1. Fill in the blanks:
(i) ?5 =  p
(ii) ?12 =  p
(iii) ?  = 1100 p
(iv) ?  = 3500 p
M E
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51
(v) ?506.75 = ?  and  p
(vi) ?  = ?395 and 40 p
2. A rickshaw puller earns ?500 in a day. How much money will he earn in a 
week?
3. (i)  16 + 5 = ? 
(ii) 20 + 2 =  p = ? 
(iii)   = ?1000
(iv)  +  + = ?  =  p
4. Mishti has eight 5-rupee notes and four 50-rupee notes. How much money 
does she have?
5. 
  ?345 ?115 ?650
 Gurvinder wants to buy a bat and a cricket ball. His sister Kamaljeet 
wants to buy a football. How much will they pay to the shopkeeper  
together?
Page 4


M E
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49
 
Money
(Refer to the chapter # 6 and 12 of the NCERT Maths Book of Class IV)
Summary
• We need MONEY to buy things.
• Indian money is expressed in Rupees (?) and Paisa (p).
 ?1 = 100 paise
• Paise come in the form of coins. Earlier we had 10 p, 20 p, 25 p and  
50 p  coins.
• Rupees come in the form of coins and notes.
50
M E
N
T
A
L
M
A
T H
S
Tutty speaks
  All notes have different colour 
  combinations.
   Did you notice? ?5 and ?10 are available in 
   the form of coin and note.
• ?47.25 means   ?47 and 25p.
Tutty speaks
   ? is always written before the money value. 
   p is always written after the money value.
Questions
1. Fill in the blanks:
(i) ?5 =  p
(ii) ?12 =  p
(iii) ?  = 1100 p
(iv) ?  = 3500 p
M E
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T
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51
(v) ?506.75 = ?  and  p
(vi) ?  = ?395 and 40 p
2. A rickshaw puller earns ?500 in a day. How much money will he earn in a 
week?
3. (i)  16 + 5 = ? 
(ii) 20 + 2 =  p = ? 
(iii)   = ?1000
(iv)  +  + = ?  =  p
4. Mishti has eight 5-rupee notes and four 50-rupee notes. How much money 
does she have?
5. 
  ?345 ?115 ?650
 Gurvinder wants to buy a bat and a cricket ball. His sister Kamaljeet 
wants to buy a football. How much will they pay to the shopkeeper  
together?
52
M E
N
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S
6. Mauli has one note each of ?2000, ?500, ?100, ?50, ?20 and ?10. She also 
has two notes of ?5. If the notes are arranged in ascending order of their 
value, which note will be on the sixth place?
7. A bunch of 10 balloons costs ?20. What will be the cost of 2 balloons?
8. Sudha spent ?175 on medicines, ?300 on fruits and ?500 on grocery. She 
had a ?2000 note with her. How much money is left with Sudha now?
9. Divyansh went to buy fruits with his father. The cost of the fruits is given 
in the table below:
Fruit Cost
?80 per kg
?25 per dozen
?60 per kg
?110 per kg
 They buy 1 kg of apples, a dozen of bananas and 2 kg of mangoes. Divyansh ’ s 
father gave ?500 to the shopkeeper. How much money will the shopkeeper 
return?
10. How many 25 p coins will make ?12.50?
11. Krishna purchased 5 kg of vegetables for ?150. What would have she paid 
if she purchased only 3 kg of vegetables?
Page 5


M E
N
T
A
L
M
A
T H
S
49
 
Money
(Refer to the chapter # 6 and 12 of the NCERT Maths Book of Class IV)
Summary
• We need MONEY to buy things.
• Indian money is expressed in Rupees (?) and Paisa (p).
 ?1 = 100 paise
• Paise come in the form of coins. Earlier we had 10 p, 20 p, 25 p and  
50 p  coins.
• Rupees come in the form of coins and notes.
50
M E
N
T
A
L
M
A
T H
S
Tutty speaks
  All notes have different colour 
  combinations.
   Did you notice? ?5 and ?10 are available in 
   the form of coin and note.
• ?47.25 means   ?47 and 25p.
Tutty speaks
   ? is always written before the money value. 
   p is always written after the money value.
Questions
1. Fill in the blanks:
(i) ?5 =  p
(ii) ?12 =  p
(iii) ?  = 1100 p
(iv) ?  = 3500 p
M E
N
T
A
L
M
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S
51
(v) ?506.75 = ?  and  p
(vi) ?  = ?395 and 40 p
2. A rickshaw puller earns ?500 in a day. How much money will he earn in a 
week?
3. (i)  16 + 5 = ? 
(ii) 20 + 2 =  p = ? 
(iii)   = ?1000
(iv)  +  + = ?  =  p
4. Mishti has eight 5-rupee notes and four 50-rupee notes. How much money 
does she have?
5. 
  ?345 ?115 ?650
 Gurvinder wants to buy a bat and a cricket ball. His sister Kamaljeet 
wants to buy a football. How much will they pay to the shopkeeper  
together?
52
M E
N
T
A
L
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S
6. Mauli has one note each of ?2000, ?500, ?100, ?50, ?20 and ?10. She also 
has two notes of ?5. If the notes are arranged in ascending order of their 
value, which note will be on the sixth place?
7. A bunch of 10 balloons costs ?20. What will be the cost of 2 balloons?
8. Sudha spent ?175 on medicines, ?300 on fruits and ?500 on grocery. She 
had a ?2000 note with her. How much money is left with Sudha now?
9. Divyansh went to buy fruits with his father. The cost of the fruits is given 
in the table below:
Fruit Cost
?80 per kg
?25 per dozen
?60 per kg
?110 per kg
 They buy 1 kg of apples, a dozen of bananas and 2 kg of mangoes. Divyansh ’ s 
father gave ?500 to the shopkeeper. How much money will the shopkeeper 
return?
10. How many 25 p coins will make ?12.50?
11. Krishna purchased 5 kg of vegetables for ?150. What would have she paid 
if she purchased only 3 kg of vegetables?
M E
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53
12. Ravi purchased three registers of same size for ?450. Later he returned one 
register to the shopkeeper. How much money will the shopkeeper give 
him back?
13. Garima purchased a dress for herself costing ?850. If she gave ?2000 note 
to the shopkeeper, how much money will she get back?
14. How many rupees does Rajni have if she has 10 coins of 25-paise?
15. How many 2-rupee coins are there in ?28?
Answer Key
1. (i) 500 p (ii) 1200 p (iii) ?11 (iv) ?35 (v) ?506, 75p (vi) ?395, 40p
2. ?3500
3. (i) ?37 (ii) ?5 (iii) ?20 (iv) ?25
4. ?240
5. ?1110
6. ?500
7. ?4
8. ?1025
9. ?175
10. 50 coins
11. ?90
12. ?150
13. ?1150
14. ?2, 50p or ?2.50
15. 14 coins
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FAQs on Printable Textbook: Money - Level 2 - Mental Maths - Class 1

1. What is the definition of money and its main functions?
Ans. Money is a medium of exchange that facilitates transactions for goods and services. Its main functions include serving as a unit of account, a store of value, and a standard of deferred payment. It simplifies trade by eliminating the inefficiencies of barter systems.
2. How has the concept of money evolved over time?
Ans. The concept of money has evolved from barter systems, where goods were exchanged directly, to commodity money, which included items like gold and silver. This was followed by the introduction of fiat money, which has no intrinsic value but is backed by government regulation. Today, digital currencies and cryptocurrencies represent the latest evolution, offering new methods of transaction and storage.
3. What are the different types of money?
Ans. The different types of money include commodity money (physical goods with intrinsic value), fiat money (government-issued currency without intrinsic value), bank money (money in bank accounts that can be accessed through cheques or cards), and digital currencies (electronic forms of money such as cryptocurrencies).
4. Why is it important to understand inflation and its impact on money?
Ans. Understanding inflation is crucial because it affects the purchasing power of money. Inflation occurs when the general price level rises, leading to a decrease in the value of currency over time. This can impact savings, investments, and overall economic stability, making it important for individuals and businesses to plan accordingly.
5. How do central banks influence the money supply?
Ans. Central banks influence the money supply through monetary policy tools such as open market operations, interest rate adjustments, and reserve requirements for commercial banks. By controlling these aspects, central banks can manage inflation, stabilize the currency, and promote economic growth.
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