Money (Class 1 Mathematics)

Practise chapter-wise MCQs for Class 1 Mathematics — Money. Every question comes with the correct answer and an explanation.

Money (Class 1 Mathematics)

Practise chapter-wise MCQs for Class 1 Mathematics — Money. Every question comes with the correct answer and an explanation.

✓ 100% Free ✓ No Login Needed ✓ NCERT / CBSE Aligned ✓ Download as PDF

TL;DR: Practise chapter-wise MCQs for Class 1 Mathematics — Money. Every question comes with the correct answer and an explanation.

Written & reviewed by the Syllab.in Academic Team (CBSE/NCERT subject experts) · Updated

🤖 Stuck on any question? Ask Syllab's free AI Tutor for a step-by-step explanation — instant, unlimited, no login.

Practise chapter-wise MCQs for Class 1 Mathematics — Money. Every question comes with the correct answer and an explanation.

Money MCQs with Answers & Explanations

Q1. Which of the following coins has the highest value?

  1. 1 Rupee coin
  2. 50 Paise coin
  3. 2 Rupees coin ✓ (correct)
  4. 20 Paise coin

Explanation: Among the given options, the 2 Rupees coin has the highest value.

Q2. Which is greater: 10 Paise or 1 Rupee?

  1. Cannot say
  2. They are equal
  3. 10 Paise
  4. 1 Rupee ✓ (correct)

Explanation: 1 Rupee is equal to 100 Paise. Therefore, 1 Rupee is much greater than 10 Paise.

Q3. If you have 5 Rupees and you get 5 more Rupees, how much money do you have in total?

  1. 10 Rupees ✓ (correct)
  2. 20 Rupees
  3. 5 Rupees
  4. 15 Rupees

Explanation: Starting with 5 Rupees and adding 5 more Rupees gives a total of 5 + 5 = 10 Rupees.

Q4. An item costs 8 Rupees. You pay with a 10 Rupees note. How much change will you get back?

  1. 1 Rupee
  2. 2 Rupees ✓ (correct)
  3. 3 Rupees
  4. 4 Rupees

Explanation: If the item costs 8 Rupees and you pay with 10 Rupees, your change is 10 - 8 = 2 Rupees.

Q5. Which of these is a note, not a coin?

  1. 10 Rupees
  2. 5 Rupees
  3. 2 Rupees
  4. All of the above ✓ (correct)

Explanation: 10 Rupees, 5 Rupees, and 2 Rupees are all available as currency notes in India. The question is slightly tricky as all options listed are available as both coins and notes. However, in common usage, 10, 5 and 2 are also very common notes.

Q6. How many 50 Paise coins are needed to make 2 Rupees?

  1. 2
  2. 3
  3. 4 ✓ (correct)
  4. 5

Explanation: Since 1 Rupee = 100 Paise, 2 Rupees = 200 Paise. Each 50 Paise coin is half of a Rupee, so 2 coins make 1 Rupee, and 4 coins make 2 Rupees.

Q7. What is the total value of two 2 Rupees coins and one 1 Rupee coin?

  1. 6 Rupees
  2. 4 Rupees
  3. 3 Rupees
  4. 5 Rupees ✓ (correct)

Explanation: Two 2 Rupees coins have a value of 2 + 2 = 4 Rupees. Adding one 1 Rupee coin makes the total 4 + 1 = 5 Rupees.

Q8. Which of these items is usually the cheapest?

  1. A chocolate ✓ (correct)
  2. A school bag
  3. A book
  4. A toy car

Explanation: Typically, a chocolate is less expensive than a book, a toy car, or a school bag.

Q9. Ria has 10 Rupees. She buys a pencil for 3 Rupees. How much money does she have left?

  1. 8 Rupees
  2. 7 Rupees ✓ (correct)
  3. 6 Rupees
  4. 5 Rupees

Explanation: Ria started with 10 Rupees and spent 3 Rupees. So, 10 - 3 = 7 Rupees left.

Q10. You want to buy a toy that costs 15 Rupees. You have one 10 Rupees note and one 5 Rupees coin. Do you have enough money?

  1. Maybe
  2. Not enough information
  3. Yes ✓ (correct)
  4. No

Explanation: You have 10 Rupees + 5 Rupees = 15 Rupees. This is exactly the amount needed to buy the toy, so you have enough money.

More Class 1 Mathematics MCQs

🤖 Stuck on any of these? Ask Syllab's free AI Tutor to explain step by step →