Money Calculation

Q.

What is the journal entry for paid salary to Gopal ₹1200?

Q. The study or collection of currency, including coins, tokens, paper money, etc. is known as ___.

1. currency
2. denomination
3. numismatics
4. money

Q. The study of coins is called ___.

1. Currency
2. Numismatics
3. Bartering
4. Economics

Q. Shawn has one ₹500 note, two ₹100 notes, three ₹10 notes and four ₹5 coins. How much money does he have?

1. ₹750
2. ₹720
3. ₹650
4. ₹720

Q.

Manu needs to buy the following things for a project.$$\begin{array}{cc}\text{Lens}& ₹75\\ \text{Battery}& ₹125\\ \text{Hardboard}& ₹63\\ \text{Clips and pins}& ₹27\\ \text{Bulb}& ₹25\end{array}$$He has only ₹200. How much is he falling short of his budget?

1. ₹110

2. ₹100

3. ₹105

4. ₹115

Q.

Zoya has six ₹50 notes, five ₹20 notes, nine ₹10 notes and seven ₹5 coins. How much money does she have?

1. ₹525

2. ₹235

3. ₹252

4. ₹565

Q. The minimum number of 100 rupees notes required to make 9000 rupees is ______ .

1. 9
2. 90
3. 900
4. 9000

Q.

Rohan deposited ₹ $5320$ in his account on Monday and withdrew ₹ $3895$ on Tuesday. Next day he again deposited ₹ $1283$. What was his balance on Wednesday?

Q.

Raveena learns Bharatnatyam at an academy and also plays badminton in a Sports Complex. She pays ₹ 4500 per month for her dance classes and ₹ 1750 per month for her badminton coaching. Find her total expenditure on the two for one year.

Q. Reena has three ₹100 notes, two ₹10 notes, and six ₹2 coins. How much money does she have?

1. ₹322
2. ₹302
3. ₹312
4. ₹332

Q. If 36 books are to be arranged in rows and columns, what are the total number of arrangements possible?

1. 9
2. 7
3. 6
4. 8

Q. The face value of a bank note or a coin is known as its ______ .

1. currency
2. denomination
3. numismatics
4. money

Q. Denomination is the face value of a banknote or a coin.

1. True
2. False

Q. Which of the following denominations does not exist in Indian currency?

1. ₹ 100 note
2. ₹ 200 note
3. ₹ 500 note
4. ₹ 700 note

Q.

The introduction of token currency by Muhammad Bin Tughlaq did not succeed because ____________.

Q.

Find the total money in the three boxes.

1. ₹1100

2. ₹1000

3. ₹1001

4. ₹1110

Q. How many ₹ 50 notes are required to make ₹ 250?

1. 3
2. 5
3. 8
4. 10

Q. Minimum number of notes required to make a sum of ₹600 are notes.

1. ₹500 and ₹100
2. six ₹100
3. three ₹200

Q.

Look at the rate list given below and estimate the cost of 22 kg of plastic and 12 kg of iron.

Q.

A class with $\mathrm{p}$ students has planned a picnic.$₹50$ per student is collected, out of which $₹1800$ is paid in advance for transport. How much money is left with them to spend on other items?

Q. To make ₹10500, I need₹2000 notes and one ₹500 note.

1. 5
2. 2
3. 10

Q. Look at the rate list given below and estimate how much will Kiran pay for 42 kg of newspapers.

Q. The amount of extra money that is paid while repaying a loan is known as ______ .

1. loan
2. interest
3. net earning
4. currency

Q. If a pen costs ₹12, then match the following quantities of pens bought with their total amounts to be paid.

1. ₹ 60
2. ₹ 48
3. ₹ 24
4. ₹ 120

Q. Narrow money refers to ________.

1. $M_1$
2. $M_2$
3. $M_3$
4. $M_4$

Q. A jar contains 2 gallons and 90 fluid ounces of butter. How many ounces of butter will be there in 3 such jars?
(1 gallon = 128 ounces)

1. 256 ounces
2. 672 ounces
3. 1038 ounces
4. 1428 ounces

Q. Arrange the following systems with respect to the time they came to existence.

1. Community money
2. Barter system
3. Paper currency
4. Token system

Q. The denomination of the below given banknote is _____.

1. ₹ 10
2. ₹ 20
3. ₹ 50
4. ₹ 100

Q. Rani needs to buy the following things.$$\begin{array}{cc}\text{Pencil}& ₹45\\ \text{Pen}& ₹50\\ \text{Eraser}& ₹10\\ \text{Ruler}& ₹15\end{array}$$She has only ₹100. How much is she falling short of his budget?

1. ₹25
2. ₹20
3. ₹10
4. ₹15

Q. Sort these notes in ascending order.
(Note with largest value at the bottom)

1. ₹ 200
2. ₹ 500
3. ₹ 100
4. ₹ 2000
5. ₹ 50