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

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

₹ 15 note does not exist.

To find how many 5 rupee notes make ₹ 20, we divide ₹ 20 by ₹ 5:

₹ 20 ÷ ₹ 5 = 4

So, 4 notes of ₹ 5 make ₹ 20. Therefore, the correct answer is B: 4.

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

In Option B, the total amount is ₹50 + ₹10 = ₹60, which is less than ₹110.

• Option A: ₹100 + ₹20 = ₹120, which is greater than ₹110.
• Option B: ₹50 + ₹10 = ₹60, which is less than ₹110.
• Option C: ₹100 + ₹50 = ₹150, which is greater than ₹110.
• Option D: ₹200, which is greater than ₹110.

Therefore, the correct answer is B: ₹50 + ₹10 = ₹60.

Here are the calculations for all the options:

A: ₹5 + ₹1 + ₹1 = ₹7

• Total = ₹7 (Less than ₹10)

B: ₹2 + ₹2 + ₹1 + ₹1 = ₹6

• Total = ₹6 (Less than ₹10)

C: ₹5 + ₹2 + ₹1 + ₹1 + ₹1 = ₹10

• Total = ₹10 (Correct)

D: ₹2 + ₹2 + ₹2 + ₹2 = ₹8

• Total = ₹8 (Less than ₹10)

Correct Answer: C

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

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

To pay ₹50 for the toy, you can use any note that is equal to or greater than ₹50. While a ₹100 note is larger than ₹50, it can still be used to pay for the ₹50 toy.

• Option A: ₹20 note is not enough to pay ₹50.
• Option B: ₹100 note is sufficient to pay for ₹50 (₹100 > ₹50).
• Option C: ₹10 note is not enough to pay ₹50.
• Option D: ₹5 note is not enough to pay ₹50.

Thus, B: 100 rupees note is the correct answer.

The note shown in the image has ₹100 written on it, which makes it a 100 rupees note.

• Option A: ₹10 note is smaller and has a different design.
• Option B: ₹100 note is correctly identified in the image.
• Option C: ₹200 note has a different design and is not shown.
• Option D: ₹500 note also has a different design.

Thus, the correct answer is B: 100 rupees note.

The question asks for the item with the most value from the given options:

• Option A: ₹5 note is the lowest value.
• Option B: ₹50 note has the highest value compared to the other options.
• Option C: ₹2 coin has a lower value than ₹50.
• Option D: ₹1 coin is the lowest value among all the options.

Thus, ₹50 has the highest value, so the correct answer is B: ₹50.

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

Cost of toy = ₹ 150
Cost of book = ₹ 200
Cost of bag = ₹ 180
Therefore, the Book has the maximum price.

Cost of chair = ₹ 500
Cost of table = ₹ 700
Cost of lamp = ₹ 300
Therefore, the Table has the maximum price.

Rate of Ghee = ₹ 230 per kg
Quantity of Ghee Aman has to buy = 5 kg

Therefore, the cost for 5 kg of Ghee is:
₹ 230 × 5 = ₹ 1150

Hence, Aman has to pay ₹ 1150 to the shopkeeper. Therefore, the correct answer is C: ₹ 1150.