Class 1 Exam > Class 1 Notes > Mathematics for Class 1 > Worksheet: Money - 1
Money - 1 Class 1 Worksheet Maths Chapter 12
Q1: Solve these real-life money situations.
(i)
(ii)
(iii)
Q2: Add and write the answer.
(i) 
(ii)
(iii) 
Q3: Look at the items and their costs on the price tags and fill in the blanks.
(i) Cost of 
and 
are ___________.
(ii) Cost of 
and 
are ___________.
(iii) Cost of 
,
and 
are ___________.
Q4: Fill in the number of coins in the blanks. One is done for you.
Five 2 rupee coins make 10 rupees.
(i) ___________ 10 rupee coins make 50 rupees.
(ii) ___________ 5 rupee coins make 20 rupees.
(iii) ___________ 10 rupee coins make 20 rupees.
Q5: Use the correct symbol <, = or >.
(i) ₹ 85 
₹58
(ii) ₹ 50 ₹50
(iii) 90 paise ₹1
Q6: Match the following
The document Money - 1 Class 1 Worksheet Maths Chapter 12 is a part of the Class 1 Course Mathematics for Class 1.
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FAQs on Money - 1 Class 1 Worksheet Maths Chapter 12
| 1. What is money? |  |
Ans. Money is a medium of exchange that is used to facilitate the buying and selling of goods and services. It can take the form of coins, banknotes, or digital currency.
| 2. How is money created? | |
Ans. Money is created through a process called fractional-reserve banking. When banks receive deposits from customers, they are only required to keep a fraction of those deposits as reserves. The rest can be loaned out, creating new money in the economy.
| 3. What are the different types of money? | |
Ans. There are several types of money, including commodity money (such as gold or silver), fiat money (like modern paper currency), and digital money (such as cryptocurrencies like Bitcoin).
| 4. How does inflation affect the value of money? | |
Ans. Inflation is the general increase in prices over time. When there is inflation, the value of money decreases because you can buy less with the same amount of money. This means that prices of goods and services rise.
| 5. How does the government control the supply of money? | |
Ans. The government controls the supply of money through various monetary policy tools. These include setting interest rates, buying or selling government bonds, and adjusting reserve requirements for banks. By influencing these factors, the government can either increase or decrease the supply of money in the economy.
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Nov 14, 2024 Last updated |
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