Money(4th Grade > Mathematics ) Questions and answers for exam Preparation

Question 1. Long before the invention of money, when people wanted to get things they needed but did not have, they____.

donated
pleaded
bartered
gave up

Explanation:-

Answer: Option C. -> bartered
:
C
Long before money was invented, when people needed things they did not have, they exchanged their goods andservices with others for their goods and services in return . We call itthe Barter system.

Question 2. Manu has only ₹ 1 and ₹ 2 coins. If he wants to buy a notebook that costs ₹ 23, what is the least number of coins he needs ?

Explanation:-

Answer: Option C. -> bartered
:
D
Options B,C and D make ₹23.
Option B: Ten ₹2 coins + Three ₹ 1 coins = 20 + 3 = ₹23 - number of coins used =13
Option C: Nine ₹2 coins + Five ₹ 1 coins = 18 + 5= ₹23 - number of coins used =14
Option D: Eleven ₹2 coins + One ₹ 1 coin= 22 + 1 = ₹23 - number of coins used =12
Hence, we use the least number of coins in option D, that is 12.

Question 3. The symbol for the Indian Rupee is ____.

Rs
Re
₹
Mn

Explanation:-

Answer: Option C. -> ₹
:
C
The Indian Rupee is represented by the symbol₹.

Question 4. Zoya spent ₹ 135.50 on a box of cookies, while Manu bought the same brand from another shop for ₹ 153.50. How much more did Manu spend than Zoya?

₹ 18.50
₹ 8.50
₹ 18.00
₹ 17

Explanation:-

Answer: Option C. -> ₹ 18.00
:
C
Amount of money Zoya spent on the box of cookies = ₹ 135.50
Amount of money Manu spent on the same brand of cookies = ₹ 153.50
Manu paid more than Zoya for the same product.
Amount of money Manu spent more than Zoya = ( 153.50 - 135.50) = ₹ 18.00

Question 5. ₹ 135.75 = ___ paise

1357.5
13.575
13575
13.0575

Explanation:-

Answer: Option C. -> 13575
:
C
₹ 1.00 = 100 paise

∴

₹ 135.75 = (135.75

\times

100) paise = 13575 paise

Question 6. Manu goes to the book shop with ₹ 250. He buys comics for ₹ 155 and a diary for ₹ 38. How much money does he have now?

₹ 57
₹ 30
₹ 75
₹ 87

Explanation:-

Answer: Option A. -> ₹ 57
:
A
Manu has ₹ 250.
He spends ₹ 155 on comicsand ₹ 38 on a diary. Total amount spent by Manu = 155 + 38 = ₹ 193

∴

Money left with Manu = 250 - 193 = ₹57

Question 7. Which is not an example of Barter system?

Buying a pair of jeans for ₹ 1200
Trading a football for a jersey
Ted exchanging a cookie with Manu for a sticker.
Ria gives her pretty seashell in exchange for a frisbee.

Explanation:-

Answer: Option A. -> Buying a pair of jeans for ₹ 1200
:
A
Barter system does not involve money. It only involves trading of goods and services.

Question 8. Zoya had ₹200 with her. She buys two tickets for her friend and herself for a play. The amount left with her now is ₹30. Find the cost of one ticket.

₹30
₹60
₹65
₹85

Explanation:-

Answer: Option D. -> ₹85
:
D
Money Zoya had = ₹200
Change left with Zoya after purchasing two tickets = ₹30

\Rightarrow

Zoya spent on two tickets = Money Zoya had - Change left
=₹200 - ₹30
= ₹170

∴

Cost of one ticket = 170

\div

2 = ₹85

Question 9. If 4 dresses can be bought with 8 tokens, how many dresses can be purchased with 2 tokens?

3
2
1
4

Explanation:-

Answer: Option C. -> 1
:
C
Given that
With 8 tokens, we can buy4 dresses.

∴

2 tokens can purchase

(\frac{2 \times 4}{8})

dresses

= \frac{8}{8} = 1

dress

∴

1 dress can be purchased with 2 tokens.

Question 10. One litre of juice costs ₹ 56.00. How much juice will I get if I pay 56000 paise?

100 litres
10 litres
560 litres
20 litres

Explanation:-

Answer: Option B. -> 10 litres
:
B
100 paise = ₹ 1

∴

56000 paise=

\frac{56000}{100} =

₹ 560
As per the question
One litre of juice costs ₹ 56.00.
So, with₹ 560, 10 litres of juice can be bought.