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Olympiad Test Level 1: Money - 2 - Class 1 MCQ


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15 Questions MCQ Test - Olympiad Test Level 1: Money - 2

Olympiad Test Level 1: Money - 2 for Class 1 2024 is part of Class 1 preparation. The Olympiad Test Level 1: Money - 2 questions and answers have been prepared according to the Class 1 exam syllabus.The Olympiad Test Level 1: Money - 2 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 - 2 below.
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Olympiad Test Level 1: Money - 2 - Question 1

How many 20 paise make 60 paise?

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

We know that 3 × 20 = 60
Therefore, 3 coins of 20 paise make 60 paise.

Olympiad Test Level 1: Money - 2 - Question 2

Which one of the following options has 5 rupees coin?

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

(a) shows a ₹ 5 coin

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Olympiad Test Level 1: Money - 2 - Question 3

Which of the following note does not exist?

Detailed Solution for Olympiad Test Level 1: Money - 2 - Question 3

₹ 15 note does not exist.

Olympiad Test Level 1: Money - 2 - Question 4

How many 5 rupee notes make ₹ 20?

Detailed Solution for Olympiad Test Level 1: Money - 2 - Question 4

4 notes of ₹ 5 make ₹ 20 

Olympiad Test Level 1: Money - 2 - Question 5

How much does Sahil need to buy the following toys?

Detailed Solution for Olympiad Test Level 1: Money - 2 - Question 5

Price of 1st toy = ₹ 30
Price of 2nd toy = ₹ 15
Therefore, Sahil needs ₹ 30 + ₹ 15 = ₹ 35 to buy both the toys.

Olympiad Test Level 1: Money - 2 - Question 6

Which amount is less than ₹ 110?

Detailed Solution for Olympiad Test Level 1: Money - 2 - Question 6

₹ 50 + ₹ 10 = ₹ 60 < ₹ 110

Olympiad Test Level 1: Money - 2 - Question 7

Which set of coins shows ₹ 10?

Detailed Solution for Olympiad Test Level 1: Money - 2 - Question 7

₹ 5 + ₹ 2 + ₹ 1 + ₹ 1 + ₹ 1 = ₹ 10

Olympiad Test Level 1: Money - 2 - Question 8

Which of the following option shows the correct price for the balloon?
₹ 2

Detailed Solution for Olympiad Test Level 1: Money - 2 - Question 8

As price of balloon is ₹ 2 and we know that ₹ 1 = 100 p
Therefore,
50p + 50p + 50p + 25p + 25p
= 50p + 50p + 50p + 50p
= 100p + 100 p
= 200 p
= ₹ 2

Olympiad Test Level 1: Money - 2 - Question 9

Which of the following option shows the correct price for the orange?

₹ 6

Detailed Solution for Olympiad Test Level 1: Money - 2 - Question 9

As price of orange is ₹ 6 Therefore, ₹ 5 + ₹ 1 = ₹ 6

Olympiad Test Level 1: Money - 2 - Question 10

Which of the following note will you use to pay for this toy?

Detailed Solution for Olympiad Test Level 1: Money - 2 - Question 10

₹ 100 note can be used to pay for ₹ 50 toy as ₹ 100 > ₹ 50

Olympiad Test Level 1: Money - 2 - Question 11

Identify the note given in the picture below.

Detailed Solution for Olympiad Test Level 1: Money - 2 - Question 11

The picture shows ₹ 100 note

Olympiad Test Level 1: Money - 2 - Question 12

Which one of the following has the most value?

Detailed Solution for Olympiad Test Level 1: Money - 2 - Question 12

₹ 50 has maximum value

Olympiad Test Level 1: Money - 2 - Question 13

Cost of apen is ₹ 20, cost of apencil is ₹ 30 and cost of anotebook is ₹ 40. Which of the three articles has maximum cost price?

Detailed Solution for Olympiad Test Level 1: Money - 2 - Question 13

Cost of pen = ₹ 20
Cost of pencil = ₹ 30
Cost of notebook = ₹ 40
Therefore, Notebook has maximum price.

Olympiad Test Level 1: Money - 2 - Question 14

Which one of the following is not a paper money?

Detailed Solution for Olympiad Test Level 1: Money - 2 - Question 14

shows a ₹ 1 coin, which is made up of metal.

Olympiad Test Level 1: Money - 2 - Question 15

Which toy has the maximum cost?

Detailed Solution for Olympiad Test Level 1: Money - 2 - Question 15

Toy car has the maximum cost.

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