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Money Class 1 Worksheet Maths Chapter 12

Multiple Choice Questions

Q1: How much money would one need to buy a cup of coffee and two samosas?
(a) Rs. 12.50
(b) Rs. 12
(c) Rs. 11.50
(d) Rs. 13.50

Q2: How much will a cup of tea, a packet of potato chips and a samosa cost?

Money Class 1 Worksheet Maths Chapter 12(a) Rs. 18.50
(b) Rs. 22.00
(c) Rs. 24.50
(d) Rs. 32.50

Q3: What is the choice of coins you may use for paying Rs. 7.25?
(a)
Three 2-rupee coins, one 1-rupee coin and two 25-paisa coins
(b) Three 2-rupee coins, two 50-paisa coins and one 25-paisa coin.
(cOne 5-rupee coin and six 25-paisa coins
(d) One 5-rupee coin and 1-rupee coin and nine 25-paisa coins

Q4: Round Rs.1.78 to the nearest rupee.
(a) Rs.1.75
(b) Rs.2.0
(c) Rs.0.70
(d) Rs.1.00

Q5: Megha bought one pen for Rs.5.65, a pair of scissors for Rs.1.55, a folder for Rs.5.80 and a bag for Rs.3.50. She pays 20 rupees for the above items. What will she get as her change?
(a) Rs. 3.50
(b) Rs. 2.50
(c) Rs. 2
(d) Rs.3

Money Class 1 Worksheet Maths Chapter 12

Q6: Madhavi earned Rs. 180 for mowing her uncle’s lawn all summer. If her uncle paid Rs. 15 each time she mowed, how many times did she mow?
(a) 168
(b) 60
(c) 24
(d) 12

Q7: Which of these costs more?
(a) Samosas
(b) 2 packets of potato chips
(c) 2 soft drinks
(d) 3 sandwiches

Q8: How many 25-paisa coins will you get for a 5-rupe coin?

Money Class 1 Worksheet Maths Chapter 12(a) 15
(b) 20
(c) 25
(d) 30

Q9: Tosh buys a pair of gloves for Rs.20.50. What combination of the coins should he give the cashier?
(a) 4 five Rs. notes, 2 fifty p coins, 3 twenty five p coins & 1 ten p coin
(b) 2 ten Rs. notes, 3 fifty p coins, 1 twenty five p coin & 1 ten p coin
(c) 3 five Rs. notes, 8 fifty p coins, 5 twenty five p coin, 2 ten p coins & 1 five p coin
(d) 3 five Rs. notes, 8 fifty p coins, 5 twenty five p coin, 1 ten p coins & 2 five p coin

Q10: Nidhi bought a pair of sunglasses for Rs.11.87 and a belt for Rs.3.99. The sales tax was Rs.1.14. Nidhi gave 20 Rs. note to the cashier. How much change should she get back?
(a) Rs.3.25
(b) Rs.3
(c) Rs.3.09
(d) Rs.3.50

You can access the solutions to this worksheet here.

The document Money Class 1 Worksheet Maths Chapter 12 is a part of the Class 4 Course Mathematics for Class 4.
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FAQs on Money Class 1 Worksheet Maths Chapter 12

1. What are the different types of money?
Ans. The different types of money include commodity money, which is based on a physical good (like gold or silver), fiat money, which has value because a government maintains it and people have faith in its value (like the US dollar), and digital currency, which exists only in digital form (like Bitcoin).
2. How is money created in an economy?
Ans. Money is created in an economy primarily through the banking system, particularly by commercial banks that make loans. When a bank provides a loan, it credits the borrower's account with a deposit, which increases the money supply. Central banks also create money through monetary policy, such as quantitative easing.
3. What is the role of money in an economy?
Ans. The role of money in an economy includes serving as a medium of exchange, facilitating transactions, acting as a unit of account to measure value, and functioning as a store of value to preserve purchasing power over time.
4. How does inflation affect the value of money?
Ans. Inflation reduces the purchasing power of money, meaning that as prices rise, each unit of currency buys fewer goods and services. This can erode savings and affect individuals' ability to plan for the future, making it crucial to consider inflation when assessing the value of money.
5. What are some common ways to save and manage money effectively?
Ans. Common ways to save and manage money include creating a budget to track income and expenses, setting up an emergency fund, investing in savings accounts or retirement plans, reducing unnecessary spending, and regularly reviewing financial goals to stay on track.
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